Fineotex Enters U.S. Oilfield Chemicals Market With Strategic Acquisition

Fineotex Chemical Limited (FCL), a global leader in specialty performance chemicals, has announced a landmark strategic acquisition in the United States through its subsidiary, marking a transformative step in the company’s journey towards global expansion and technological leadership in high-performance and sustainable chemical solutions.

The acquisition involves the CrudeChem Technologies Group (CCT), a well-established U.S.-based specialty chemical manufacturer specialising in advanced chemical fluid additives and comprehensive oilfield chemical solutions for the global oil and gas sector. With over a decade of proven performance, CCT has earned strong customer trust and built long-term partnerships with several of the world’s leading energy producers and oilfield service companies.

Founded by three industry veterans of diverse nationalities, each bringing decades of experience from U.S. multinational corporations, CrudeChem Technologies Group has emerged as a leader in environmentally responsible oilfield chemistry. The company focuses on efficient, cost-effective and ESG-compliant solutions across the full lifecycle of oil and gas wells, aligning closely with the evolving global energy landscape.

CCT is supported by a world-class technical laboratory in Texas and operates manufacturing and operational facilities in Midland and Brookshire, Texas, providing a strong foundation of scientific expertise and operational capabilities.

With North America representing an addressable industry market of approximately US$ 11.5 billion in 2025, and strong growth expected across midstream, refining and water-treatment segments, the acquisition enables Fineotex to participate meaningfully in a rapidly expanding global opportunity.

Commenting on the development, Sanjay Tibrewala, Executive Director, Fineotex Chemical Limited said, “This acquisition marks a defining moment in Fineotex’s global growth journey as we work towards building a US$ 200 million oilfield chemicals business in the coming years. CrudeChem’s strong technological capabilities, deep customer relationships and commitment to sustainable performance align perfectly with our long-term vision. Together, we are creating a powerful global platform that will deliver world-class specialty solutions and set new benchmarks for innovation and environmental responsibility in the oil and gas industry. Fineotex will hold a controlling stake and plans to gradually increase its investment and ownership over time.”