News | May 15, 2013

Clariant Invests In An Enhanced Oil Recovery Technology And Services Company

Clariant announced its investment in Ultimate EOR Services, a provider of enhanced oil recovery solutions based on proprietary technologies developed within the Center for Petroleum and Geosystems Engineering at The University of Texas at Austin (USA).

The company has made discoveries which have dramatically improved the efficiency of enhanced oil recovery solutions and lowered its costs.

“Our investment in Ultimate EOR Services with its expertise in designing chemical enhanced oil recovery solutions is part of the company’s strategy to further develop and strengthen Clariant’s portfolio with a focus on innovation and high performance solutions”, underlined CEO Hariolf Kottmann.

SOURCE: Clariant