Chemtec Energy Services Provides Flow Measurement Solutions for New Biomass Diesel Power Plant

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HOUSTON, Aug.27, 2021 (GLOBE NEWSWIRE) – Chemtec Energy Services, LLC. (“Chemtec”), a wholly owned subsidiary of LB Foster Company (“Company”) announced that it has entered into a contract with Howard Energy Partners (“HEP”) to design and build five ownership transfer metering skids for the delivery of various feedstocks and the transfer of renewable, clean-burning diesel once the fuel is produced at a new facility in Port Arthur, Texas.

This new renewable diesel production facility is owned and operated by Diamond Green Diesel, LLC (“Diamond”), a joint venture between Valero Energy Corp., based in San Antonio, TX, and Darling Ingredients, Inc., based in Irving. , in Texas. expanding its Port Arthur, Texas terminal to support Diamond with logistics solutions through the construction of multiple pipelines, rail unloading / loading facilities, truck unloading facilities, tank storage and a Panamax-class deep-water dock.

The joint venture will produce renewable biomass-based diesel from recycled animal fat, used cooking oil and fuel grade corn oil. When fully operational, the plant will be able to convert about 2.3 billion pounds of processed and recycled materials into more than 470 million gallons of renewable diesel per year, the Diamond website said.

Chemtec has been manufacturing custom trade metering skids for the traditional oil and gas industry for over 20 years. “We are delighted to be working with Howard Energy Partners to support the expansion of their Port Arthur, Texas terminal. As the demand for various types of renewable and sustainable fuels continues to grow, our company is well positioned to provide additive metering and injection systems to new facilities under construction to support this growth, ”commented Bill Treacy, Senior Vice President of Infrastructure Solutions at LB Foster. segment.

About Chemtec

Chemtec Energy Services, LLC., A wholly owned subsidiary of LB Foster Company (NASDAQ: FSTR), manufactures and provides turnkey metering and injection system solutions for the energy industry. The Willis, Texas site operates a manufacturing facility that builds measurement systems for commercial transfer applications including crude oil, natural gas, natural gas liquids, and other organic and inorganic gases such as carbon liquids. These systems are used at well sites, pipelines, refineries, chemical plants and loading / unloading facilities. The Willis site also manufactures and installs injection systems for additives and dyes. These systems are used to inject performance additives and / or colorants into petroleum products. For more information, please visit the Chemtec website at www.chemtecenergy.com.

About LB Foster Company

LB Foster Company and its subsidiaries provide products and services for the rail industry, and solutions to support critical infrastructure projects. The company’s innovative engineering and product development solutions inspire safety, reliability and performance to the tough demands of its customers. The Company has sites in North America, South America, Europe and Asia. For more information, please visit www.lbfoster.com.

This press release may contain “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements provide management’s current expectations regarding future events based on certain assumptions and include any statement that does not relate directly to historical or current fact. Sentences containing words such as “believe”, “intend”, “plan”, “can”, “expect”, “should”, “could”, “anticipate”, “estimate”, ” predict ”,“ project ”or their negative aspects or other similar expressions of a future or forward-looking nature should generally be regarded as forward-looking statements. The forward-looking statements contained in this earnings release are based on management’s current expectations and assumptions regarding future events that involve inherent risks and uncertainties and may relate to, among other things, the Company’s expectations regarding our strategy, our objectives. , projections and plans regarding our position, liquidity, capital resources and operating results and decisions regarding our strategic growth initiatives, market position and product development. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. . The Company cautions readers that various factors could cause the actual results of the Company to differ materially from those indicated by forward-looking statements. Therefore, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Factors that could cause actual results to differ materially from those indicated in forward-looking statements include risks and uncertainties relating to: the COVID-19 pandemic, including the impact of any worsening of the pandemic, or the emergence of new variants of the virus, on our financial condition or our results of operations, and any future global health crisis, and the related social, regulatory and economic impacts and the response provided by the Company, our employees, our customers and countries, state or local governments; continued deterioration in oil and natural gas prices and the related impact on upstream and midstream energy markets, which could lead to further cost mitigation measures, including additional shutdowns or periods of leave ; a continuation or worsening of adverse economic conditions in the markets we serve, whether due to the current COVID-19 pandemic, including its impact on travel and demand for oil and gas, the continued deterioration of oil and gas prices, government travel restrictions, project delays and budget deficits, or the like; volatility in global financial markets, including fluctuations in interest rates, which could affect our ability to access financial markets on terms favorable to us; restrictions on our ability to draw on our credit agreement, including as a result of any future inability to comply with the covenants contained therein; a continued decline in freight or transit rail traffic, in particular due to the COVID-19 pandemic; environmental issues, including the costs associated with any remediation and monitoring; the risk of doing business in international markets, including compliance with anti-corruption and bribery laws, foreign currency fluctuations and inflation, and trade restrictions or embargoes; our ability to execute our strategy, including cost reduction initiatives, and our ability to effectively integrate acquired businesses or divest businesses, such as the 2020 divestiture of the Test and Inspection Services business IOS and the acquisition of LarKen Precast, LLC and achieve the expected benefits; the costs and impacts associated with shareholder activism; continued customer restrictions on the on-site presence of third-party vendors due to the COVID-19 pandemic; the timeliness and availability of materials from our major suppliers, including any continued or worsening supply chain disruptions experienced as a result of the COVID-19 pandemic, as well as the impact on our access to preference supplies customers as to the origin of these supplies, such as customer concerns about conflict minerals; labor disputes; cybersecurity risks such as data breaches, malware, ransomware, ‘hacking’ and identity theft, including those encountered in 2020, which could disrupt our business and result in use abuse or misuse of confidential or proprietary information, and could result in disruption or significant damage to our systems, increased costs and losses, or an adverse effect on our reputation; the effectiveness of our continued implementation of an enterprise resource planning system; changes in current accounting estimates and their final results; the adequacy of internal and external sources of funds to meet financing needs, including our ability to negotiate any necessary additional changes to our credit agreement or to the terms of any new credit agreement, and reforms regarding the use of LIBOR as a benchmark for establishing applicable interest rates; the Company’s ability to manage its working capital requirements and its indebtedness; national and international taxes, including estimates that may affect taxes; domestic and foreign government regulations, including tariffs; the economic conditions and regulatory changes brought about by the UK’s exit from the European Union; a lack of state or federal funding for new infrastructure projects; an increase in manufacturing or material costs; loss of future income from current customers; and the risks inherent in litigation and in the outcome of litigation and product warranty claims. If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking statements prove to be incorrect, actual results could differ materially from those shown. Significant risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, without limitation, those set out in point 1A, “Risk Factors”, and elsewhere in our report. on Form 10-K for the fiscal year ended December 31, 2020, or as updated and / or amended by other pending or periodic filings with the Securities and Exchange Commission.

The forward-looking statements in this press release are made as of the date of this press release and we assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, unless required by federal securities laws.

Marketing communications:
Jake fuellhart
(412) 928-5645
[email protected]


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