Fineotex Chemical Limited has informed the Exchange regarding a press release dated March 25, 2026, titled "CrudeChem Technology Expands Global Footprint with Additional 15-Acre Facility in Midland".
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Fineotex Chemical's subsidiary CrudeChem Technology has launched a new 15-acre operational facility in Midland, Texas, located in the Permian Basin — one of the world's largest energy hubs. The newly commissioned facility adds an estimated annual handling capacity of about 150 million pounds of specialty oilfield chemicals. It brings integrated capabilities in blending, storage, logistics, R&D, QA/QC, and supply chain management, supported by ISO tanks, tanker trucks, and field service vehicles. A state-of-the-art laboratory is also under development at the site. Management called this a significant milestone in CrudeChem's long-term global expansion roadmap and Fineotex's specialty chemicals platform.
Positive for shareholders — the expansion adds meaningful new capacity in a strategic US energy market, reinforces Fineotex's global growth ambitions, and supports long-term revenue potential in the oilfield chemicals segment.