Trecora Resources starts wax production at recently acquired BASF plant
Trecora Resources (NYSE: TREC), a leading provider of high-purity specialty hydrocarbons and waxes, said it has started production at the recently acquired BASF plant adjacent to Trecora Chemical (TC) in Pasadena, Texas, U.S.A. The first production run is a new high purity specialty wax product that could not be handled at Trecora Chemical due to capacity constraints.
Trecora Resources owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. Trecora Resources also owns and operates a leading manufacturer of specialty polyethylene waxes and provider of custom processing services located in the heart of the petrochemical complex in Pasadena. In addition, the Trecora Resources is the original developer and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
“The BASF facility, which we refer to as ‘B Plant,’ is being integrated with our TC facility, and we are pleased to be generating revenue within just a few weeks of the acquisition. With B Plant online, we are reviewing several projects that could drive additional revenue this year for TC while also gaining significant operating efficiencies,” said LogPeter genberg, president of Trecora Chemical.
The BASF plant includes production equipment that is similar to Trecora Chemical’s, plus equipment that broadens Trecora Chemical’s capabilities and potential markets. The 6.5-acre site also includes substantial storage capacity, several rail and truck loading sites and utility tie-ins to Trecora Chemical.