Trecora Resources Initiates Operation of D-Train Expansion Hydro De-Sulfurization Unit
SUGAR LAND, Texas, Sept. 22, 2015 /PRNewswire/ -- Trecora Resources (NYSE: TREC), a leading provider of high purity specialty hydrocarbons and waxes, today announced the start-up of the hydro de-sulfurization (HDS) unit as part of the D-Train expansion at its South Hampton Resources (SHR) subsidiary in Silsbee, Texas.
Simon Upfill-Brown, Trecora's President and Chief Executive Officer, commented, "The commissioning of the D-Train HDS unit immediately improves overall availability and efficiency of operations and positions us to bring on the remaining phases of D-Train capacity. We expect the entire project to be completed on time and at our initial budget estimate of approximately $30 million. Moreover and importantly, our employees and contractors have maintained an outstanding safety record during this entire project effort."
The Company also provided an update on the overall progress of the D-Train expansion, which will add 4,000 barrels per day of feedstock capacity by the end of 2015, increasing South Hampton's processing capability by 60%. All distillation vessels, drums, pumps, and fans have been set, a new electrical substation was commissioned, piping and instrument/electrical work are well underway, and testing of the D-Train distillation section is anticipated to begin at the end of September. The next 1,000 barrels per day of the project's capacity is expected to be available in early October, should it be needed, with incremental capacity additions through the remainder of Q4.
"We are pleased with the progress of D-Train and the results of initial operation of the HDS unit," said Mr. Upfill-Brown. "The addition of D-Train provides not only new capacity, but increases our operating flexibility and reliability, and is key to protecting our 70% market share for high-purity pentanes in the US. We will also be positioned to meet increased pentane demand from US polyethylene producers, Canadian oil sands projects, and Asian and other global chemical processors."
About Trecora Resources (TREC)
TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high purity hydrocarbons and other petrochemical manufacturing. TREC also owns and operates a leading manufacturer of specialty polyethylene waxes and provider of custom processing services located in the heart of the Petrochemical complex in Pasadena, Texas. In addition, the Company is the original developer and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
Nick Carter, Chairman
Investor Relations Contact:
The Piacente Group
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SOURCE Trecora Resources