VISCOSITY REDUCING AGENTS MARKET ANALYSIS

Market News

Viscosity Reducing Agents Market – Key Developments

• In September 2019, Transneft opened new production plant of viscosity/drag reducing agent in the Alabuga Special Economic Zone, the Republic of Tatarstan. The plant has a production capacity of three kilo tons per year and is projected to increase its capacity up to ten kilo tons per year. The company is aiming to produce 600 tons of agents to fulfill company’s requirement for drag reducing agent.
• In February 2019, CSL Capital Management, L.P. (CSL Capital) sold its viscosity/drag reducing agent business to Liquid Power Specialty Products Inc. With this acquisition, Liquid Power Specialty Products Inc. added high quality viscosity/drag reducing agent production facility & newly hired team to better serve its customers globally.      
• In June 2017, KMG Chemicals, Inc. acquired Flochem LLC, a leading manufacturers of viscosity/drag reducing agents for improving pipeline performance in oil & gas industries. This acquisition strengthened position of KMG Chemicals Inc. in serving customers worldwide.