In response to the increasing worldwide demand for water, energy and environmentally friendly solutions Sterling Specialty Chemicals has expanded its market position, further establishing it as a dynamic, robust, global specialty chemicals business, focused on developing secure, affordable, and sustainable energy solutions.
Praana Group Board, Vice Chairman, Vishal Goenka said of the acquisition, “this strategic move positions Praana as a major player in the global specialty chemicals landscape. It enhances Sterling’s expertise and resources and highlights our dedication to innovation that enables us to provide cutting-edge solutions that address the world’s pressing needs for water, energy, and sustainability.”
Sterling Specialty Chemicals is now firmly positioned to bring customers value throughout the energy chain –from exploration to refining. By reducing water and energy consumption while transporting fluids in oilfields, extracting more oil with reduced CO2 emissions with polymer flooding, and providing clean water and restoration of tailing ponds in oil sands, Sterling Specialty Chemicals can fully support customers in the energy transition.
“The merger is not only a strategic move for business expansion, but also underscores Sterling Specialty Chemicals commitment to driving positive change in the industry,” said Pedro Materan, President & CEO of Sterling Specialty Chemicals.
Sterling will continue to expand from its leading position in the energy rheology modification market, chemically enhanced oil recovery and the Canadian energy tailing water and selected industrial applications.
Sterling Specialty Chemicals was born in 2020. The facility, formerly owned and operated by Baker Hughes, retained most employees through the transition and added new team members to enhance capabilities and effectiveness. Sterling remains a fully diversified and seasoned chemical manufacturer. As a member of the Artek Industries family, they are part of their global network of chemical manufacturing companies connected through Artek’s wealth of knowledge and expertise. Their mission is to continue growing and diversifying their business while retaining satisfied customers by consistently delivering products on time and spec. www.sterlingspec.com.
Artek Surfin Chemicals is a leading provider of general metal finishing, electro-coloring, precious plating, and multi-layer PCB plating, offering user and environment-friendly solutions that drive business success. Our relentless commitment to research, development, and global alliances ensures a comprehensive range of surface finishing processes supported by state-of-the-art equipment.www.artekchemicals.com.
Release ID: 89121327