News | April 15, 2014

Lubrizol Corporation Forms Energy And Water Business Unit

Focus on specialty additives for oilfield, refinery process and industrial water-treatment applications

The Lubrizol Corporation announces the expansion of its new global Energy and Water (E&W) business unit. The announcement was made by John Uhran, vice president of Lubrizol's Industrial Specialties business.

"We've always been active in the energy and water segments, but we were calling on these industries from different business groups within Lubrizol. We pulled everything together to create the Energy and Water business in early 2103, which allows us to focus on the oilfield, refinery process and industrial water treatment chemicals markets," says Uhran.

Uhrah continues, "The expansion and growth of this business unit exemplifies Lubrizol's commitment to making our chemical-services customers more competitive in their markets while creating safer working environments for their employees and the communities where they work. Lubrizol's investment in the Energy and Water business will allow us to continue to provide innovative solutions for our customer's end-users."

Lubrizol is adding additional resources to grow this new business, with emphasis placed on hiring new scientists, along with additional sales and product management staff. This will accelerate the delivery of Lubrizol innovations to the market to help make Lubrizol's specialty chemical-services customers more successful in their businesses.

The company has also added capital resources for the expansion of their laboratory facilities in Houston, Texas. The lab features state-of-the-art testing equipment that enables a higher level of technical support to customers. The new lab also increases R&D capability that will help Lubrizol develop a broader specialty additives portfolio.

Chemical-services companies that work in energy and water-related markets will find more of what they need at Lubrizol. The company just launched a new website highlighting its specialty additives capabilities for oilfield exploration, production, refining and industrial water treatment.

To learn more about how Lubrizol is creating essential chemistry to meet energy and water industry needs and reduce environmental impact, please visit the Lubrizol Energy and Water webpage at http://www.lubrizol.com/Energy-and-Water.

About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.

With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 7,500 employees worldwide. Revenues for 2013 were $6.4B. For more information, visit Lubrizol.com.

SOURCE: The Lubrizol Corporation

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