Clean Harbors Announces Increases to Used Oil Pricing and Service Stop Fees in Safety-Kleen Waste Oil Collection Business
Clean Harbors, Inc. (CLH)
Last clean harbors, inc. earnings: 4/29 07:30 am
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Source: Business Wire
Company Adjusting Collection Costs to Reflect Current Market Dynamics for its SKSS Segment NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that its Safety-Kleen subsidiary is revising pricing related to collecting and managing used engine and industrial oils. Effective immediately, the Company will be targeting a broad range of rate changes across its used oil customer base.“Pricing declines in base oil, vacuum gas oil (VGO) and recycled fuel oil (RFO) have materially lowered the value and return on our re-refined products,” said Brian Weber, President of Safety-Kleen Sustainability Solutions (SKSS). “The current conditions are showing no sign of easing, particularly with crude oil pricing softening. As a result, we must significantly raise our rates to address the market-derived pressure and avoid further deterioration in the
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CLH
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CLH
Sec Filings
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- 11/18/24 - Form 4
- 11/18/24 - Form 4
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