NORWELL, Mass.– Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services across North America, said Wednesday that its Safety-Kleen Sustainability Solutions (SKSS) unit will increase rates and service stop fees for the collection and management of used engine and industrial oils beginning October 1.
The company said the changes are necessary to sustain service quality in its re-refinery business amid challenging market conditions.
“Our re-refined products play a critical role in reducing environmental impact by transforming waste oils into valuable resources and sustainable products,” said Brian Weber, President of Safety-Kleen Sustainability Solutions. “However, ongoing declines in market prices for base oil, vacuum gas oil (VGO), and recycled fuel oil (RFO) continue to reduce the current value of these recovered materials. At the same time, we are still experiencing rising costs associated with maintenance of our fleet and facilities, our skilled labor force and the impact of tariffs on the supply chain. Given these market conditions, we are required to further adjust our rates as we approach the seasonally weaker winter period to preserve the financial performance and service quality of our sustainability-driven operations within our SKSS segment.”
The price adjustments will apply to all SKSS customers in both the U.S. and Canada. Weber said the changes will help ensure the company can continue delivering “reliable, environmentally responsible waste oil collection to more than 100,000 customers annually.”
Customers who purchase Safety-Kleen’s Performance Plus finished lubricants through its OilPlus program can qualify for preferred rate schedules.
“We gather approximately one out of every five gallons of waste oil in North America,” Weber added. “Our waste oil collection services are a cornerstone of the circular economy, and these changes will help us sustain that mission while adapting to evolving market conditions.”
