Black Bay Energy Capital acquired the technology business unit of Merichem Company, encompassing Merichem Process Technologies and Merichem Catalyst Products. The newly formed entity, named Merichem Technologies, will operate as a standalone platform, specializing in sulfur treating technologies and solutions globally. Merichem Company will retain its caustic services business, dedicated to handling spent caustic for beneficial reuse.
As a private equity firm with a specific focus on the energy and specialty chemical sectors, Black Bay aims to position Merichem Technologies as a leading provider of innovative solutions. The company’s offerings include renowned technologies such as LO-CAT®, FIBER FILM®, THIOLEX®, MERICAT®, MERICON®, and a suite of proprietary chemical catalysts.
As reported by businesswire, Merichem Technologies will provide comprehensive services ranging from design, engineering, fabrication, and research and development to the implementation of chemical catalysts and mechanical solutions. The solutions are designed to address sulfur and other impurities in various industries and markets, including renewables, gas treating, downstream and midstream sectors, among others.
Cyndie Fredrick, CEO, Merichem Technologies stated, “The Merichem Technologies team has successfully deployed highly engineered and patented technologies, chemical catalysts, and mechanical solutions to various end markets including liquified natural gas (LNG), midstream oil and gas, refining of traditional crude and renewable feedstocks, biogas/landfill/RNG production, geothermal energy production, and chemical manufacturing. Merichem Company has been a fantastic steward of this business for decades, and the entire Merichem Technologies team is excited about our new partnership with Black Bay and the ability to pursue new avenues for growth”.
Kendra Lee, Chairman and CEO, Merichem Company added, “Our reputation has always stood on the principles of proven performance, unsurpassed expertise, and an uncommon commitment to our customers. This divesture is a major milestone for Merichem Company as we continue to execute on our strategic vision, further cementing our leadership position in caustic services. I am also excited to work with the Merichem Technologies team and investors as they take the technology businesses to the next level”.
