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Momentive Specialty Chemicals Inc. announced that it has completed the acquisition of a resin coated proppants manufacturing facility located in Shreveport, Louisiana from CRS Proppants LLC.
The Shreveport facility has annual capacity of approximately 450 million pounds and will 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 a suppliers of resin coated proppants, this acquisition provides Momentive immediate capacity to meet the growing demand for their oilfield products and to expand the breadth and depth of their valued customer partnerships.Momentive Specialty Chemicals’ Oilfield Technology Group is a leading provider of innovative technologies for the oil and gas industry. We offer well stimulation solutions with our advanced resin coated proppants and a variety of performance additives for oilfield applications. Our products also include production chemicals for foam control and demulsification along with hydrogen sulfide scavengers for crude oil and natural gas production. Momentive Specialty Chemicals is committed to enhancing its industry leadership and meeting its customers' specific application needs with a total solutions approach of quality products and services. More information:www.momentive.com