Trecora Resources enters multi-year contract extension for the supply of natural gasoline
Pat Quarles, Trecora's President and Chief Executive Officer, said: "The shale gas revolution has resulted in a significant increase in natural gasoline supply in the US that has exceeded demand growth, as midstream companies have increased their fractionation capacity.
“This has created an opportunity for Trecora to improve its base feedstock supply.
“The long-term extension of our current agreement with Martin Midstream Partners LP, allows for more favourable and competitive feedstock costs, as well as an improvement in feed flexibility. “Additionally, this extension, as part of Trecora's portfolio of growth projects and initiatives, is expected to capture significant feedstock savings over the life of the agreement."
Tecora owns and operates a speciality petrochemicals facility specialising in high purity hydrocarbons and other petrochemical manufacturing and a speciality wax facility, both located in Texas, and provides custom processing services at both the facilities.