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Corporate Update

Fineotex Enters US Energy Chemicals Market Through Strategic CrudeChem Acquisition

• By  Textile Excellence
• December 16, 2025

Fineotex Chemical Limited has taken a decisive step beyond its traditional textile chemicals stronghold, announcing a strategic equity acquisition and partnership in the US based CrudeChem Technologies Group. The move strengthens Fineotex presence in the fast growing and high margin global oilfield chemicals market, marking one of the most significant overseas expansions in the company’s history.

CrudeChem Technologies Group is a well-established specialty oilfield chemicals manufacturer serving major global energy producers and oilfield service companies. Operating from advanced R&D facilities and manufacturing units in Midland and Brookshire, Texas, the company delivers chemical fluid additives and integrated solutions across the oil and gas value chain. Industry estimates place the North American oilfield chemicals market at US$ 11.5 billion in 2025, driven by sustained activity across upstream, midstream, refining and water treatment segments.

The strategic integration combines CrudeChem application engineering and research capabilities in the United States with Fineotex global manufacturing scale and process expertise across India and Malaysia. The partnership is expected to accelerate product innovation, expand global market access and support the development of ESG compliant chemical solutions.

Commenting on the acquisition, Mr. Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, said the transaction represents a defining moment in the company’s global growth journey. He stated that Fineotex aims to build a US$ 200 million oilfield chemicals business in the coming years, leveraging CrudeChem strong customer relationships, technological depth and sustainability focused product portfolio. Tibrewala added that Fineotex will hold a controlling stake in the US company and plans to gradually increase ownership over time.

Founded by industry veterans from leading US multinational corporations, CrudeChem aligns closely with Fineotex long term strategy of diversification into performance driven and environmentally responsible chemical solutions. The acquisition positions Fineotex to serve a broader industrial base while reducing dependence on cyclical textile markets. Industry observers view the move as a strategic pivot that enhances Fineotex resilience, global relevance and value creation potential across energy, water and industrial chemicals.

Commenting on the acquisition, Mr. Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, said the transaction represents a defining moment in the company’s global growth journey. He stated that Fineotex aims to build a US$ 200 million oilfield chemicals business in the coming years, leveraging CrudeChem strong customer relationships, technological depth and sustainability focused product portfolio. Tibrewala added that Fineotex will hold a controlling stake in the US company and plans to gradually increase ownership over time.