Announcement Marks Completion of Major Capital Project
SUGAR LAND, Texas, July 9, 2018 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of high purity specialty hydrocarbons and waxes, today announced the safe and successful commissioning of the Company's Advanced Reformer unit at its South Hampton Resources facility in Silsbee, Texas.
"We are pleased to announce the start of production of higher-value byproducts through our Advanced Reformer unit," said Simon Upfill-Brown. "The unit is operating as expected and producing on-spec products. By producing higher-value byproducts, we are confident the Advanced Reformer should immediately enhance our margins and, over time, deliver an increasing benefit as byproduct volume ramps.
"A key aspect of our investment was to ensure reliability of hydrogen supply for production of pentanes and hexanes at SHR. We are pleased to confirm that the new reformer is producing significant quantities of high quality hydrogen, assuring our ability to maintain our reputation for consistency and responsiveness. I would like to thank the entire South Hampton team who worked tirelessly to safely bring the new unit online.
"Our investments in recent years have positioned Trecora well to capitalize on the resurgent U.S. chemicals industry, and as we direct our focus toward operational excellence, I remain confident in our prospects going forward," concluded Upfill-Brown.
About Trecora Resources (TREC)
TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high purity hydrocarbons and other petrochemical manufacturing. TREC 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, Texas. In addition, the Company is the original developer and a 33.4% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
Investor Relations Contact:
Jean Marie Young
The Piacente Group, Inc.
View original content with multimedia:http://www.prnewswire.com/news-releases/trecora-resources-announces-commissioning-of-advanced-reformer-unit-300677476.html
SOURCE Trecora Resources