In its Results of Strategic Review dated January 20, Norwell, MA-based Clean Harbors said it will substantially increase its focus on blended oil opportunities within its Oil Re-refining and Recycling segment and, as part of this effort, create a separate business within that segment. Jerry E. Correll has been appointed President of this new business.

“Jerry will oversee the transition of recycling and re-refining from a business that produces a majority of base oil to one that manufactures many products from our recycling and re-refining process,” Alan S. McKim, chairman and CEO said. “Near-term, Jerry and his newly reorganized team also will work to protect and expand our margins by implementing a number of strategies, such as the recent Zero Pay rate structure change for its purchase of used engine and industrial oils, and by lowering overall transportation costs."

“Since the purchase of Safety-Kleen, our objective has been to significantly increase the percentage of blended products in the re-refinery business,” Mr. McKim said. “Today’s announcement reflects our intention to accelerate that transition. Under Jerry’s leadership, we hope to realize higher returns from this business, further differentiate the EcoPower brand, increase the sustainability of our re-refining profits and distance ourselves from the inherent volatility of the base oil market.”

Mr. Correll joined Clean Harbors in 2002, in conjunction with the Company’s acquisition of Safety-Kleen’s Chemical Services Division. He has held a number of management positions at Clean Harbors, including Senior Vice President, Sales, for Environmental Services. Prior to joining the Company, Mr. Correll served in various sales and operations management positions at Safety-Kleen, including Senior Vice President, Sales; Vice President, Corporate Accounts; and Regional Vice President – Central U.S. Operations. He was named President of Safety-Kleen in April 2013.

Safety-Kleen, Clean Harbors' subsidiary, operates a lube blending plant in East Chicago, Indiana, with a capacity to produce approximately 20 million gallons annually. The company has a re-refinery in East Chicago with the capacity to produce up to 800 barrels per day Group I and 4,200 barrels per day of API Group II base oils.

It also has a lube blending facility at its Breslau, Ontario, Canada re-refinery, which has the capacity to produce 700 barrels per day Group I and 1,200 barrels per day Group II base oil.

The company also has a re-refinery in Newark, California with capacity to produce 1,150 barrels per day Group II base oil.

Clean Harbors acquired Safety-Kleen in 2012 and Evergreen Oil in late 2013, With these acquisitions, Clean Harbors claims that it is the nation’s largest collector of used oil, at approximately 200 million gallons per year.

Clean Harbors announced in mid-December that Safety-Kleen is revising its rate structure for its purchase of used engine and industrial oils, eliminating its current pay-for-oil (PFO) program and replacing it with either a Zero-Pay or Charge-for-Oil rate structure.