Profile: US Ecology Inc (ECOL.O)
21 Nov 2014
US Ecology, Inc. (US Ecology), incorporated on March 23, 1987, through its subsidiaries, provides radioactive, hazardous, polychlorinated biphenyls (PCB) and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers/aggregators. The Company operates in two segments: Operating Disposal Facilities and Non-Operating Disposal Facilities. The Company generates revenue from fees charged to treat and dispose of waste. The Company’s wholly owned primary operating subsidiaries are US Ecology Nevada, Inc., a Delaware corporation (USEN); US Ecology Washington, Inc., a Delaware corporation (USEW); US Ecology Texas, Inc., a Delaware corporation (USET); US Ecology Idaho, Inc., a Delaware corporation (USEI); US Ecology Michigan, Inc., a Michigan corporation (USEM); US Ecology Field Services, Inc., a Delaware corporation (USEFS); US Ecology Stablex Holdings, Inc., a Delaware corporation (USESH); and Stablex Canada Inc., a Canadian Federal Corporation (Stablex). In June 2014, it acquired The Environmental Quality Company.
Operating Disposal Facilities
Operating Disposal Facilities accept hazardous waste, low-activity radioactive material (LARM) and low-level radioactive waste (LLRW), and includes the Company’s Resource Conservation and Recovery Act (RCRA) hazardous waste treatment and disposal facilities near Beatty, Nevada; Grand View, Idaho; Robstown, Texas; Blainville, Quebec, Canada and its Atomic Energy Act (AEA) disposal facility near Richland, Washington. The Company’s Washington, Idaho and (to a lesser degree) Texas and Nevada facilities also accept certain naturally occurring and accelerator produced radioactive materials (NORM/NARM) waste and LARM.
The Company derives revenue from treating and disposing of hazardous, non-hazardous industrial and radioactive waste in government permitted landfills. It also derives revenue from transportation services generally to get material from the customer location to one of its facilities. Event Business is waste generated from a discrete waste clean-up project that is one-time in nature. The duration of Event Business projects can last from a one-week clean-up of a small contaminated site to a multiple year clean-up project. Event Business contributed approximately 35% and 39% of disposal revenue (excluding transportation and US Ecology Michigan, Inc. revenue) for the years ended December 31, 2012.
Non-Operating Disposal Facilities
The Non-Operating Disposal Facilities segment includes its closed hazardous waste disposal, processing, and deep-well injection facilities located in Sheffield, Illinois; Bruneau, Idaho; and Winona, Texas. The Company incurs costs for remediation and long-term monitoring and maintenance obligations at its closed facilities.
The Company competes with Clean Harbors, Inc., The Environmental Quality Company, Heritage Environmental, Waste Control Specialists, LLC, Waste Management, Inc., Energy Solutions, Inc. and Waste Control Specialists, LLC.
US Ecology Inc
Suite 400, 251 E. Front St.
BOISE ID 83702