Mumbai: Fineotex Chemical Limited, a global leader in specialty performance chemicals, has announced a landmark strategic acquisition in the United States through its subsidiary. This transformative move strengthens Fineotex’s global expansion strategy and positions the company as a technological leader in high-performance and sustainable chemical solutions.
Fineotex has acquired the CrudeChem Technologies Group (CCT), a well-established U.S.-based specialty chemical manufacturer known for advanced fluid additives and comprehensive oilfield chemical solutions for the global oil and gas sector.
- With over a decade of proven performance, CCT has built strong customer trust and long-term partnerships with some of the world’s largest energy producers and oilfield service companies.
- Founded by three industry veterans from diverse nationalities, CCT has emerged as a leader in environmentally responsible oilfield chemistry, aligning with the evolving energy landscape.
- The company operates a world-class technical laboratory in Texas, supported by facilities in Midland and Brookshire, Texas, providing scientific depth and operational strength.
The North American oilfield chemicals market is valued at USD 11.5 billion in 2025, with strong growth across midstream, refining, and water-treatment segments. This acquisition enables Fineotex to participate meaningfully in this rapidly expanding global opportunity.
Sanjay Tibrewala, Executive Director of Fineotex Chemical Limited, commented: “This acquisition marks a defining moment in Fineotex’s global growth journey to build a $200 million oilfield chemical business within the coming years. The U.S. company’s outstanding technological capabilities, strong customer relationships, and commitment to sustainable performance perfectly complement our long-term vision. Together, we are creating a powerful global platform that will deliver world-class specialty solutions and set new standards of innovation and environmental responsibility in the oil and gas industry.”
Fineotex will hold a controlling stake in CCT and plans to gradually increase its investment and ownership over the coming years. Fineotex Chemical Limited is a leading manufacturer of specialty performance chemicals, serving industries including textiles, water treatment, oil & gas, home care, and allied sectors. With modern manufacturing facilities in India and Malaysia and a presence across more than 70 countries, Fineotex continues to drive innovation, sustainability, and performance excellence across global markets.
