Tailwater: Blue Tide Environmental Completes Initial Phase of State-of-the-Art Base Oils Re-Refining Facility

DALLAS , Feb. 14, 2024 /PRNewswire/ -- Blue Tide Environmental ("Blue Tide"), an environmental company focused on developing a network of used motor oil ("UMO") re-refining facilities across North America and portfolio company of Tailwater Capital LLC ("Tailwater"), today announced the completion of the first phase of its base oils re-refinery located in Baytown, Texas ("Baytown Facility"). 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 ("Shell"). Tailwater Capital Logo (PRNewsfoto/Tailwater Capital) 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 . Please 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, please visit www.tailwatercapital.com . Contact Jill McMillan Managing Director, Communications & Public Affairs Phone: 214-489-7047 Email: jmcmillan@tailwatercapital.com John Schaufele Managing Director, Investor Relations & Fundraising Phone: 214-489-7043 Email: jschaufele@tailwatercapital.com Forward-Looking Statements Includes non-Tailwater controlled capital pursuant to the Tailwater led management buyout processes for which Tailwater provides management related services. Cision