Clean Harbors: Clean Harbors sustainability achievements drive growth in 2024

Clean Harbors, Inc., a leading environmental and industrial services provider in North America, has announced robust performance results and significant sustainability milestones for the fiscal year ending 31 December 2024. The company's two key segments-Environmental Services and Safety-Kleen Sustainability Solutions (SKSS)-demonstrated resilience and growth. The Environmental Services division, which manages hazardous and non-hazardous waste disposal, leveraged an extensive network of over 100 waste facilities. This year, the division expanded its capacity with the launch of a new hazardous waste incinerator in Kimball, Nebraska, capable of processing 70,000 tonnes annually. In the SKSS segment, Clean Harbors maintained its position as the largest recycler of used oil in North America. Collecting 253 million gallons of used oil in 2024, the company re-refined this feedstock into 249 million gallons of new base oils and lubricants. This process helped avoid the creation of approximately 2.4 million metric tonnes of greenhouse gases-equivalent to removing 550,000 gasoline-powered cars from the road for a year. "Our focus is to deliver sustainable solutions that support our customers' environmental goals," said Co-CEO Michael L. Battles. "By expanding our incineration capacity and enhancing oil re-refining capabilities, we are reducing environmental impact while driving business growth." Used oil re-refining segment and financial performance The SKSS segment plays a pivotal role in Clean Harbors' financial success. In 2024, the segment generated substantial revenue by producing high-quality base oils and lubricants from recycled used oil, meeting increasing market demand for sustainable products. The company's oil re-refining operations contributed significantly to overall profitability, with [...]The post Clean Harbors sustainability achievements drive growth in 2024 appeared first on F&L Asia.