A multi-million dollar agreement to build and operate a liquid chemical distribution facility has been signed by Material Translogistics Inc – a division of Flotek Industries Inc. The agreement calls for the construction of a 30,000 square foot state-of-the-art bulk liquid storage tank farm and laboratory at MTI's existing pneumatic cement handling and blending facility in Raceland, Louisiana, USA.
Under the five-year agreement, MTI will provide services related to the delivery, storage, and packaging of certain liquid chemicals, starting on completion of the new facility in 2007.
Flotek manufactures and markets specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.