Dorf Ketal (Mumbai) completes the acquisition of Flow-Chem Technologies

India: Dorf Ketal, a specialty chemicals manufacturer based in Mumbai, announced the acquisition of Flow-Chem Technologies, a specialty oilfield chemicals supplier based in Louisiana, USA. Flow-Chem has operations in US and Gulf of Mexico onshore market along with blending facilities located at Louisiana, Rayne and Pleasanton, Texas in the US and multiple warehouses. Flowchem’s portfolio of chemicals, drilling products, and technical services would be added to the products of Dorf Ketal. The acquisition of Flow-Chem is in accordance with the vision of Dorf Ketal to have a strong presence in upstream as well as downstream hydrocarbon market. Moreover, it is expected to enhance the competitiveness of Dorf Ketal and increase profit improvement solutions for the customers in North America.

TechSci Research depicts that this acquisition would enable Dorf Ketal to expand its product portfolio in addition to providing access to the North American market. Further, it would improve cost competitiveness through manufacturing and supply chain synergies in the oilfield market.

According to TechSci Research report, “Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2020”, the oilfield chemicals market in Saudi Arabia is projected to surpass USD960 million by 2020. Growth in the market is expected on account of rising oil & gas production, along with anticipated growth in the exploration of shale gas deposits in the country. The country’s increasing focus to become a net exporter of natural gas instead of a net importer is expected to boost the oilfield chemicals market in Saudi Arabia in the coming years.