jobbersworld.com Open in urlscan Pro
192.0.78.168  Public Scan

Submitted URL: https://e8h899aab.cc.rs6.net/tn.jsp?f=001RK760uo42YbmzlHbUGo6ze279DHkwgD2jiQFtMbiqnOzes8uRyq_k1k3gW9wkRXLzpvEPL0WRiDp_TGi9-FK...
Effective URL: https://jobbersworld.com/2024/02/14/blue-tide-environmental-completes-initial-phase-of-state-of-the-art-base-oils-re-refi...
Submission: On April 11 via api from US — Scanned from DE

Form analysis 5 forms found in the DOM

GET https://jobbersworld.com

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BLUE TIDE ENVIRONMENTAL COMPLETES INITIAL PHASE OF STATE-OF-THE-ART BASE OILS
RE-REFINING FACILITY

Blue Tide Environmental (“Blue Tide”), an environmental company focused on
developing a network of used motor oil re-refining facilities across North
America and portfolio company of Tailwater Capital LLC, today announced the
completion of the first phase of its base oils re-refinery located in Baytown,
Texas. The Baytown Facility is undergoing the second phase of a two-step
development project alongside its joint venture partner, Pennzoil-Quaker State
Company, a subsidiary of Shell plc.



The state-of-the-art facility will process 5,000 barrels per day (“BPD”) of used
lubricants into high-quality state of the art base oils and other co-products,
such as gas oil and asphalt modifiers. The initial phase of the project will
produce 4,500 barrels per day (BPD) of high-quality, low-sulfur vacuum gasoil
(“VGO”) from UMO feedstock.

“We are thrilled to see this cutting-edge facility officially come online, as it
marks a pivotal milestone for Blue Tide,” said Mark Bouldin, Chief Executive
Officer of Blue Tide. “This project is a testament to our ongoing commitment to
create the most sustainable base oils in North America. I want to extend my
gratitude to the hard-working members of the Blue Tide team, as well as
Tailwater and Shell, whose dedication and expertise helped make this vision a
reality.”

The second phase of the project is now underway, which includes constructing a
hydrotreater at the Baytown Facility to upgrade the VGO into superior-quality
Group II+ base oils. The hydrotreater is anticipated to come online in the
second quarter of 2024, and Blue Tide will sell VGO and other co-products, while
it is being completed.

“Today, we celebrate the start-up of the initial phase of Blue Tide’s
re-refining facility and are excited to complete the next phase of the project
to produce high-performance re-refined base oils made with a lower carbon
footprint,” said David Cecere, Partner at Tailwater. “We look forward to
continuing our partnership with Blue Tide to support forward-thinking
initiatives that drive positive change in the energy sector and contribute to a
more sustainable future for us all.”

About Blue Tide Environmental
Blue Tide Environmental is focused on building and developing a network of used
motor oil re-refining facilities across North America and beyond. Headquartered
in Plano, Texas, Blue Tide Environmental offers sustainable solutions to the
lubricants industry. By paring management’s development and operational
expertise with advanced hydroprocessing technology, the company re-refines used
motor oil (“UMO”) to produce high-quality paraffinic Group II+ base oils at its
Baytown, Texas facility. Blue Tide is a portfolio company of Tailwater Capital
LLC, a private equity firm based in Dallas. Visit https://bluetideenv.com/ for
more information.

About Tailwater Capital
Dallas-based Tailwater Capital is an energy and growth infrastructure private
equity firm with a well-established track record of working constructively with
proven management teams to deliver value-added solutions. Tailwater has raised
more than $4.5 billion in committed capital since inception and the team has
executed more than 100 transactions representing over $23 billion in value. For
more information, visit www.tailwatercapital.com.

SOURCE Tailwater Capital


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