Safety-Kleens parent company on Monday announced it will begin charging to collect used oil from all non-contract generators and will expand its application of a service call surcharge. The companys actions reinforce the markets emerging trend away from pay-for-oil collection.
The recent decline in crude oil pricing, along with associated decreases in fuel and base oil pricing, have materially affected the values of our recycled fuel oil and rerefined products, Safety-Kleen President Jerry Correll said in a news release. Given the impact of these falling prices, we are now charging disposal rates in order to mitigate the market-derived pressure on our margins and further deterioration in the existing spread. Safety-Kleen is a unit of Norwell, Mass.-based Clean Harbors.
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