Volume 4 Issue 26
Clean Harbors will pay $140 million in cash to acquire Vertex Energy’s Heartland base oil rerefinery in Ohio, a second rerefinery in Louisiana and its used oil collections businesses, the two companies announced yesterday. The acquisition is expected to close in the third quarter, subject to approvals and conditions.
Local firefighting officials said last week that a June 14 blaze that heavily damaged a Chemtool grease plant in Rockton, Illinois, was triggered by an accident that occurred during a maintenance procedure. An outside contractor was working to replace insulation on pipes when an oil leak occurred, according to a statement by Rockton Fire Protection District Chief Kirk Wilson.
Sales at oil change and lubrication shops in the United States declined 3% to $6.4 billion in 2020, down from $6.6 billion in 2019, according to a joint report by the Auto Care Association and the Automotive Aftermarket Suppliers Association.