Calumet, Inc.
 | This article contains promotional content. (August 2023) |
| Company type | Public |
|---|---|
| Nasdaq: CLMT | |
| Industry | Manufacturing and refining |
| Founded | 1919 |
| Headquarters | Indianapolis, Indiana |
| Products | Oil and solvents |
| Website | www |
Calumet, Inc. (NASDAQ: CLMT) is a publicly traded U.S.-based company that was incorporated in 1919. It specializes in the manufacture of lubricating oils, solvents, waxes, packaged and synthetic specialty products, fuels and fuel-related products. The company operates 12 production, blending, and packaging facilities across North America. This includes locations in Princeton, Cotton Valley, and Shreveport, Louisiana; Burnham, Illinois; Dickinson, Texas; Muncie, Indiana; Karns City, Pennsylvania; and Great Falls, Montana. Calumet's specialty branded products are distributed around the world to approximately 2,700 global customers.
Products
[edit]Calumet, Inc. is a producer of specialty branded products. The company processes crude oil and other feedstocks into a wide variety of customized lubricating oils, solvents, waxes, synthetic lubricants, and other products. Calumet's specialty products are sold to domestic and international customers who purchase them primarily as raw material components for various industrial and consumer applications. Calumet also blends, packages, and markets specialty products through their Royal Purple, Bel-Ray, and TruFuel brands. Calumet's fuel products segment processes crude oil into a variety of fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt, and others, and occasionally resells purchased crude oil to third-party customers. Calumet's portfolio includes:
Base Oils, which are refined from crude oil and used in a wide variety of end-use products, such as adhesives, paints and coatings, and lubricants. Calumet makes numerous naphthenic and paraffinic oil products.
Solvents are offered as a full line of aliphatic solvents ranging from hexanes to heptanes to mineral spirits and mineral seal oils. They are used for a large number of applications, such as adhesives, water treatment facilities, paints and coatings, aluminum rolling and printing ink.
Polyol Esters are used for high-performance lubrication applications, including in the aviation and automotive industries. Calumet specializes in synthetic polyol esters.
Specialty Oils manufactured by Penreco include a full line of Petrolatums, White Mineral Oils, and Gelled Ingredients such as Versagel. Petrolatums are semisolid compounds used in cosmetics such as skin conditioners and moisturizers. Its water repellent qualities make it ideal for sealing in moisture. White Mineral Oils are used as a base emollient, lubricant, release agent, binder, or excipient in numerous product applications. Gelled Ingredients are highly refined products that are thickened into gels using special polymer additives. They are used extensively in the cosmetics industry as thickeners for products such as lotions, shampoos, and lip glosses. Versagel is a versatile gelled ingredient which works well in skin care, sun care, hair care, and baby care.
Waxes produced by Calumet include fully refined paraffin waxes, scale wax, slack wax, soft wax, unfinished and finished petrolatum, and microcrystalline waxes that are used for a wide variety of applications, including candles, boxboard saturation and coating, hot melt adhesives, and rubber and PVC processing. Calumet also offers TitanWax for use in a variety of candle applications and multi-component blends.
Montana Renewables utilizes cutting-edge technology to transform feedstocks (tallow, distiller corn oil, canola oil, and camelina oil) into sustainable fuels like renewable hydrogen, renewable diesel, synthetic paraffinic kerosene (SPK), sustainable aviation fuel (SAF), and renewable gasoline blend stock.[1]
Finished Lubricants, Chemicals and Engineered Fuels are sold through Calumet's branded products, including Royal Purple, Bel-Ray, and TruFuel.
Fuels including gasoline, diesel, and jet fuel.
Asphalt is produced at three different Calumet facilities, and is used for everything from road construction and repair to the production of roofing shingles.
Brands
[edit]Headquartered in Indianapolis, Indiana, Calumet, Inc. employs approximately 1,500 workers in North America. Calumet products are available in more than 90 countries, serving more than 3,000 corporate clients. Its products can be found under several brand names including, Bel-Ray, Orchex, Penreco, Royal Purple, TitanWax, and TruFuel.
Bel-Ray is a leading developer, manufacturer and international distributor of high-performance lubricants and greases used in a comprehensive range of aerospace, food, industrial, marine, military, mining and powersports applications.
Orchex offers a line of U.S. EPA-registered agricultural spray oils for use on a wide variety of farming applications including tree crops, row crops, and vegetables to combat insects, diseases, and weeds.
Penreco specializes in compounds made from gelled ingredients, petrolatums and white mineral oils,[2] which are used by the company's customers in myriad industrial and consumer applications. Its products include a special oil to suppress dust in grain processing facilities; lubricants for industrial bakery baking forms; and gels formulated for craft candle making.[3]
Royal Purple, a global synthetic oil leader, tests, develops and produces a wide range of high-performance lubricants for nearly every consumer application. Royal Purple's proprietary Synerlec additive technology increases oil film strength, allowing it to significantly outperform other synthetic and mineral-based oils for vehicles, racing applications, commercial trucks and fleets.
TitanWax offers a comprehensive line of exceptional paraffin, natural, and paraffin/natural blends for use in a variety of candle applications and multi-component blends such as container candles, wax melts, and votives.
TRUFUEL is an engineered fuel, ready-to-use, and made specifically for 2-cycle and 4-cycle outdoor power equipment. Precision-engineered with synthetic lubricants and advanced stabilizers, out high-performance fuel empowers your equipment to start strong and run great every time.
History
[edit]1919 Calumet Refining Company formed
1953 Princeton, Louisiana refinery constructed
1990 Corporate headquarters moved to Indianapolis
1995 Calumet purchased Kerr-McGee Corp. refinery in Cotton Valley, Louisiana
2006 Calumet listed on NASDAQ, becomes publicly traded company
2008 Calumet acquired Penreco
2012 Calumet acquired numerous companies, including Montana Refining Company; Royal Purple; and TruSouth Oil
2013 Among other acquisitions and developments, Calumet acquired Bel-Ray and broke ground on Dakota Prairie Refining, the first greenfield hydrocarbon processing facility built in the United States since 1976
2014 Listed in the Fortune 500 for the first time
2020 Expanded specialty wax business with acquisition of Paralogics
2022 Montana Renewables joins Calumet family
2024 Calumet converts from the MLP structure to a C-Corp
2025 Calumet sale of assets related to industrial portion of Royal Purple business
References
[edit]- ^ "Calumet Clinches Financing to Advance Renewable Diesel Plans in Montana". Retrieved January 7, 2022.
- ^ "Growing Demand Of Petroleum Jelly Market Expected To Reach A Value Of US$ 646.6 Mn By 2030 End". Future Market Insights.
- ^ "Calumet donates year's worth of candle wax to Wheeler Mission's 'Restored Creations'". WTHR.
1. Calumet Clinches Financing to Advance Renewable Diesel Plans in Montana, Natural Gas Intelligence, Matthew Veazey, January 7, 2022,
2. Growing Demand Of Petroleum Jelly Market Expected To Reach A Value Of US$ 646.6 Mn By 2030, Future Market Insights, Monday, 30 May 2022
3. Calumet Donates Year’s Worth of Candle Wax to Wheeler Mission’s ‘Restored Creations; WTHR; July 23, 2021
4. Calumet Earns Bronze Medal for CSR EcoVadis Assessment; October 19, 2021
5. Calumet Specialty Products Partners, L.P. Completes Conversion to a C-Corporation