The major collectors and re-refiners of UMO (used motor oil) in the US has change their pricing structure to:
" new Zero-Pay and Charge-for-Oil collection service policy".
This new policy changes the whole price structure and will lead to a major change in the way the business is approached, increasing the competitive capabilities of the re-refiners.
Chembrok's used oil sourcing activities are performed on a nationwide basis through our division UMOC (Used Motor Oil Consolidation), to ensure the proximity to the facilities to be served. Our activities comprises not only the sourcing process but furthermore the "Feedstock Management " as an integrated unit serving our contracting re-refineries, making sure that the quantity and quality of the feedstock flow is available on time as required. Our multiple source network provides an additional safety range and a good negotiation basis in order to obtain the best prices available in the market, which will be transferred to the client in a transparent and actualized form. Our logistics coordination between the supplier and the refiner will be one of our main responsibilities and challenges. Market and regulations intelligence and early change detections and projections is an important part of the service provided.