Flotek and Resolute Oil Collaborate To Expand Green Chemistry

Flotek Industries, Inc., a leader in green specialty chemistries for industrial, commercial, and consumer markets, announced today a long-term agreement with Resolute Oil, a leader in high-quality white mineral oil for consumer and industrial customers, to leverage capabilities and facilities to drive growth in adjacent green chemistry markets. The agreement provides the opportunity to extend until 2036.

Resolute Oil will use Flotek's entire 15-acre campus, including its 38,000 square foot chemical blending facility, in Waller, TX, to manufacture USP-NF-grade white mineral oil, which will be distributed globally to customers in the agricultural, energy, food & beverage, cosmetic, and personal care markets. Flotek's facility is designed for manufacturing green chemistries. In addition, it is approved by the United States Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA), allowing for the manufacturing of food-grade chemistries.

Flotek has used its best-in-class research and innovation capabilities to become a worldwide leader in sustainable chemistry technologies serving clients in consumer and industrial sectors, with over 164 patent assets. Flotek and Resolute Oil's partnership will allow the companies to use their expertise and gain access to additional market verticals for mutual benefit.

In addition, the company has substantial blending capability in its 90,000 square foot ISO 9001:2015-certified production plant in Marlow, OK. Flotek uses its production skills and capacity to blend products on behalf of suppliers in a contracted capacity.

About Flotek
Flotek Industries, Inc. develops solutions to minimize energy's environmental effect on air, water, land, and people. Flotek, technology-driven green chemistry, and data company, assist clients in the industrial, commercial, and consumer sectors to improve their Environmental, Social, and Governance performance. Chemistry Technologies is a division of Flotek that develops, produces, packages, distributes, delivers, and markets high-quality cleaning, disinfecting, and sanitizing products for commercial, governmental, and personal consumer use. Moreover, through its real-time data platforms and green chemistry technologies, Flotek enables the energy sector to maximize the value of its hydrocarbon streams and increase return on invested capital. Flotek services both local and international downstream, midstream, and upstream customers. Flotek is a publicly-traded company based in Houston, Texas, and its common stock is listed on the New York Stock Exchange under the ticker code "FTK."

About Resolute Oil
Resolute Oil is a worldwide provider of specialty hydrocarbon products to various industries, including agriculture, oil and gas, ink, cosmetics, and personal care. Highly refined technical-, NF-, and USP-grade white mineral oils, base oils, low-aromatic solvents, and petrolatum are among our products. Resolute Oil's team has decades of experience, and we take pride in delivering industry-leading customer service. Resolute Oil has global storage, production, and packaging capabilities. MaxPar, MaxPure, MaxNap, MaxSol, and MaxSolv brands are known worldwide for their purity, performance, and consistency. In our state-of-the-art labs, Resolute Oil also collaborates with customers to develop and blend application-specific formulations.