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SCHENECTADY, NY – May 3, 2016 – SI Group, a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions, has announced plans to construct a $30 million state-of-the-art oilfield resin manufacturing facility. The new plant will be built in the Gulf Coast region of the U.S., and is scheduled for commissioning in early 2018.
“This expansion demonstrates our strong commitment to the oil production industry,” said Paul Tilley, Senior Vice President, North America & Global Key Accounts at SI Group. “The market demand for oilfield resins continues to grow and with our 100+ years of resin development and expertise, we are well-poised to supply this growing market. The U.S. Gulf Coast region was strategically chosen to be within close proximity of market end users, ensuring reliable access to key raw materials.”
As a global leader in alkylphenol and resin manufacturing, SI Group provides the world’s largest range of monomers and resin customization capability. To further support this growing market, the company has established an Oilfield Center of Competency, a technology hub focused on research and development efforts to facilitate oilfield chemistry innovation. SI Group’s oilfield solutions increase the efficiency of oil production through increased oil processing rates. The company’s growing portfolio of oilfield solutions includes demulsifiers, flow assurance intermediates, and alkylphenols for enhanced oil recovery.
About SI Group
SI Group is a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions that are critical to the quality and performance of countless industrial and consumer goods. Founded in 1906 and headquartered in Schenectady, New York, SI Group is a family-owned company with over 2,700 employees worldwide. SI Group operates 20 manufacturing facilities on five continents with $1.6 billion in annual sales. SI Group is The Substance Inside. For more information, visit www.siigroup.com.
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