MOSCOW (MRC) -- Solvay has opened its laboratory and production facility in North Dakota, putting it in pole position to serve oil and gas customers in the Bakken Shale Formation and expand its extensive tailored formulations that facilitate extraction, said the producer in its press release.
With this new facility in Killdeer, Solvay’s Global Business Unit Novecare is among the first specialty chemical players to serve oilfield services companies in North America’s second largest reserve of tight oil and shale gas. Novecare’s eighth laboratory and production unit is at the heart of the Bakken area, giving it key access to customers.
Solvay Novecare develops tailor-made, bio-based specialty formulations that help oilfield services operators manage and reduce water consumption, optimize stimulation operations and improve well yields. The business unit, which last year acquired Chemlogics, develops and produces these formulations at plant and laboratory facilities near its customers in the field. Each formulation is designed to fulfill their distinct needs, depending on the unique geological conditions of the shale formations.
As MRC wrote before, Solvay has completed the divestment of its polyvinyl chloride (PVC) compound business Benvic Europe to U.S. investment company OpenGate Capital, enhancing the resilience of the Group’s portfolio.
Solvay S.A. is a Belgian chemical company founded in 1863, with its head office in Neder-Over-Heembeek, Brussels, Belgium. The company has diversified into two major sectors of activity: chemicals and plastics. Solvay supplies over 1500 products across 35 brands of high-performance polymers – fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, aromatic ultra polymers, high-barrier polymers and cross-linked high-performance compounds.