Hexion Inc. and Wayfinder Corp. have formed a partnership on Aug. 4 to better serve resin coated proppant users in the Western Canadian Sedimentary Basin.
“We are very excited to partner with Wayfinder. By combining Hexion’s advanced resin chemistries with Wayfinder’s world-class manufacturing facility, we can continue to provide our customers with quality products and the performance they have come to expect,” Mark Alness, senior vice president of Hexion Americas, said. “We will be able to better serve our customers and maximize the customer experience by utilizing the strengths of both organizations today, and as the market evolves.”
This strategic partnership joins Hexion’s leading resin and chemical expertise with Wayfinder’s new state-of-the-art manufacturing facility and logistics network. The Wayfinder facility in Obed, Alberta, will produce Hexion’s full product portfolio, including Prime Plus proppants, the most used resin coated proppant in Canada.
”Partnering with Hexion to provide clients with resin coated proppant enables Wayfinder to provide a broader spectrum of quality products and further penetrate the resin coated sand market in Canada, while increasing the utilization of our Obed manufacturing facility,” Chad Bremner, president and CEO, said. “We are pleased to be aligned with Hexion in manufacturing and distributing their leading suite of products.”
Recommended Reading
CNOOC Encounters High Yield Well in Beibu Gulf
2024-07-23 - CNOOC’s well was tested to produce over 1,000 cu. m/d of oil equivalent, making it the first well of such productivity in the Wushi Sag area.
Permian Basin Coalition Highlights Philanthropic Investments
2024-07-23 - Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.
E&P Highlights: July 22, 2024
2024-07-22 - Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
Comet Ridge Awarded Mahalo Far East Extension for 6-year Term
2024-07-22 - Comet Ridge was awarded 100% ownership and operator of Australia’s Mahalo Far East Extension for an initial term of 6 years.
Exxon Surprises with Smaller FPSO for Guyana’s Hammerhead Project
2024-07-19 - Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.