Foremark

Black Bay Completes the Sale of NexGen Chemical Technologies to Foremark Performance Chemicals

Retrieved on: 
Wednesday, May 17, 2023
Professional Services, Chemicals, Plastics, Other Energy, Oil, Gas, Manufacturing, Energy, Finance, Partnership, SK, NexGen, Sale, Acquisition, E&P, Partner, Ambrose, Growth, Entrepreneurship, Renewable energy, Vieux Fort District, Foremark

Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy and chemical sectors, has announced the sale of NexGen Chemical Technologies (“NexGen”) to Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”).

Key Points: 
  • Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy and chemical sectors, has announced the sale of NexGen Chemical Technologies (“NexGen”) to Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”).
  • Foremark’s acquisition of NexGen will enable rapid scale-up of manufacturing for ScavGen™ 1014, NexGen’s flagship chemical technology.
  • Black Bay, Chris Williamson, and James Begeal founded NexGen in 2018 to deliver high performing, differentiated chemical solutions for treating sour natural gas (also known as natural gas sweetening).
  • “The NexGen team has embodied what Black Bay looks for in a portfolio company management team.

Foremark Performance Chemicals Acquires NexGen Chemical Technologies

Retrieved on: 
Tuesday, May 16, 2023
Professional Services, Chemicals, Plastics, Other Energy, Oil, Gas, Manufacturing, Energy, Finance, Life, Carbon footprint, Hydrogen sulfide, Carbon, NexGen, Wind, Acquisition, Natural gas, Methane, Growth, Transport, Renewable energy, Foremark

Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”), announced today the closing of its acquisition of NexGen Chemical Technologies (“NexGen”), a provider of innovative, alternative natural gas sweetening solutions that improve the efficiency and total cost of operations for E&P and midstream operators, from Black Bay Energy Capital (“Black Bay”).

Key Points: 
  • Foremark Performance Chemicals (“Foremark”), a portfolio company of SK Capital Partners (“SK Capital”), announced today the closing of its acquisition of NexGen Chemical Technologies (“NexGen”), a provider of innovative, alternative natural gas sweetening solutions that improve the efficiency and total cost of operations for E&P and midstream operators, from Black Bay Energy Capital (“Black Bay”).
  • Foremark, acquired by SK Capital in 2017, is a technology-driven leader in natural gas sweetening formulations and formalin manufacturing.
  • “The acquisition of NexGen aligns with Foremark’s strategy to expand its role in enabling the transition to cleaner energy,” said Randy Owens, CEO of Foremark.
  • Foremark is the ideal partner to drive our next phase of growth and we are excited to continue to participate as part of the Foremark management team as well as shareholders.”

Foremark Performance Chemicals Expands Triazine Production

Retrieved on: 
Monday, January 27, 2020
Engineering, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Triazine, Foremark, Petrochemical

Foremark Performance Chemicals (Foremark) today announced it has completed an expansion of its triazine manufacturing operations at its La Porte, Texas plant.

Key Points: 
  • Foremark Performance Chemicals (Foremark) today announced it has completed an expansion of its triazine manufacturing operations at its La Porte, Texas plant.
  • The expansion includes a new triazine reactor, increased storage and handling, and a doubling of truck and rail loading capacity.
  • These investments showcase our ongoing commitment to innovate, drive long-term growth and meet the needs of our customers, said Randy Owens, CEO of Foremark.
  • Foremark Performance Chemicals, headquartered in League City, TX, is a technology driven leader in intermediate chemicals and derivatives for oilfield, refinery and petrochemical applications.