Momentive Completes Proppants Plant Acquisition
Momentive Specialty Chemicals Inc. recently announced it has completed the acquisition of a resin-coated proppants manufacturing facility located in Shreveport, La., from CRS Proppants LLC. The Shreveport facility has annual capacity of approximately 450 million lbs and will reportedly continue to source Northern White frac sand from CRS Proppants LLC going forward.
“We are pleased to announce the acquisition of the Shreveport facility and continued growth of our specialty chemical portfolio,” said Jody Bevilaqua, executive vice president and president of Epoxy, Phenolic and Coating Resins division. “As one of the world’s largest suppliers of resin-coated proppants, this acquisition provides immediate capacity for us to meet the growing demand for our oilfield products and to expand the breadth and depth of our valued customer partnerships.”
For more information, visit www.momentive.com/oilfield.