Clean Harbors CEO: Environmental Business Strength | Mad Money | CNBC
Jim Cramer chats with Clean Harbors CEO Alan McKim about what the environmental, energy and industrial services companyΒ ...
President of Safety-Kleen Sustainability Solutions, Clean Harbors
Search every verified Brian Weber interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Brian Weber, President of Safety-Kleen Sustainability Solutions at Clean Harbors, has been featured in media appearances alongside Clean Harbors CEO Alan McKim, who discussed the company's operations and market position. In September 2020, McKim appeared on CNBC's "Mad Money" and described the environmental business as "really strong right now," citing the company's network of incinerators and a new $130 million plant in El Dorado, Arkansas. McKim stated that Clean Harbors is "the largest collector of waste oil in North America" and noted that customers are "buying into our sustainability effort." He also mentioned that the company is "well positioned" for PFAS disposal and is "waiting for the regulatory framework to be formed" to assist customers with those chemicals. McKim also appeared on the CBS show "Undercover Boss" in September 2020, where he worked alongside employees in disguise. He described the experience as "eye-opening" and said it gave him "first-hand perspective on how people think about the company." In a 2019 "Mad Money" appearance, McKim discussed the driver shortage affecting the company, stating that Clean Harbors has "about 4,500 CDL drivers" and finds it "very difficult to find qualified drivers." He also highlighted that "over $600 million" of the company's $3.3 billion in revenue comes from recycling efforts, including chemicals, metals, and oils.
“We had a great fourth quarter and came into the year with a real strong performance, so we had a great year in 2019 and really have a good year ahead of us.”
“The price of oil actually started coming back up again and with IMO 2020 we saw the price of oil actually go up, so as we manage our spread you will sometimes see a little decline on the Safety-Kleen revenue side but our base oil business actually grows.”
“All ships over 55,000 tons are supposed to shift to a half percent sulfur oil from a three percent sulfur oil starting March this year, which caused a big decline in the value of high sulfur fuel oil where we send our surplus oil.”
“We're really well positioned for PFAS, the forever chemicals, and are waiting for the regulatory framework to be formed so we can help customers properly dispose of them.”
“We have the largest network of incinerators in North America, have been expanding facilities, and recently put a brand new $130 million plant in El Dorado, Arkansas, so our environmental business is really strong and we anticipate it to continue to be strong throughout 2020.”
“Even though the president is allegedly rolling back regulation, our industry's regulation has only increased this whole time, and we expect more business as captive incinerators wind down and chemical production grows.”
“The low price of natural gas has really stimulated a lot of development in manufacturing and chemical production in the United States.”
“I don't think the oversaturation of capital in the Permian or the lower price of oil will hurt our business because we are the largest collector of waste oil in North America, and customers are buying into our sustainability effort.”
“Clean Harbors was called upon to handle emergencies like the anthrax cleanup after 9/11, and our men and women are ready to respond to any kind of event out there.”
“Our environmental business is really strong right now and we anticipate it to be continuing to be strong throughout 2020.”
“We have the largest network of incinerators in North America where we've been expanding those facilities, including a brand new 130 million dollar plant in El Dorado, Arkansas.”
“We're really well positioned and waiting for the regulatory framework to be formed so that we can help customers with PFAS, those forever chemicals that need to be properly disposed of.”
“I think we're going to continue to see more business coming into our network as captive incinerators continue to wind down in the chemical industry and manufacturing grows.”
“The low price of natural gas has really stimulated a lot of development in manufacturing and chemical production in the United States.”
“I don't think what's going on with the drilling rig count or oil prices is really having any impact at all on our recycling business.”
Jim Cramer chats with Clean Harbors CEO Alan McKim about what the environmental, energy and industrial services companyΒ ...
Jim Cramer talked with Clean Harbors CEO Alan McKim about what the environmental, energy and industrial services companyΒ ...
Alan McKim told CBSN's Anna Meiler that it was an eye-opening experience.
Jim Cramer talks with CEO Alan McKim about industrial waste, regulations, and how the driver shortage is affecting the company.
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