Monument Team,

I am pleased to announce that today, we are taking another step forward in our journey as a full-service chemical manufacturer and custom solutions provider. We have finalized an agreement to acquire KMTEX LLC (pronounced chem-tex), a privately owned specialty chemical distillations toller based in Port Arthur, Texas. This acquisition will bring approximately 50 talented new colleagues to our team, and I’m excited for us to explore new possibilities and opportunities as we begin to work together.

Here are a few of the reasons why we’re so eager to bring KMTEX into the Monument family:

• Additional Capacity: KMTEX is recognized as the largest, most flexible toll distillation provider on the Gulf Coast and is known for delivering outstanding toll processing services to chemical companies and refineries. The Port Arthur site is MSTA-compliant and has five full-time distillation trains that can process up to 1 billion pounds per year through both batch and continuous distillation processes.
• Complementary Assets: KMTEX has more than 40 years of experience separating and purifying several related chemistries, including fuels, aromatic hydrocarbons, glycols, and specialty solvents. Adding these technologies to our portfolio will allow us to offer dual-source options and even more flexibility, both within Monument and for our customers.
• Excellent Location: KMTEX’s facility is located on the Sabine River intercoastal waterway – just two miles from the Gulf of Mexico – an ideal location between manufacturing hubs in Texas and Louisiana. This acquisition will enable us to expand our footprint on the Gulf Coast, the most important region within the chemical industry in North America.
• Logistics Advantages: Investing in plant and logistics flexibility has been a critical focus of the site in recent years. Today, there are 140 stainless and carbon steel tanks that can store both volatile and non-volatile products, with a total on-site storage capacity of 24 million gallons. The site’s barge dock can handle up to 30,000 barrel barges and offers 24/7 loading flexibility to meet customers’ needs.

As we’ve shared previously, acquisitions are a key part of Monument’s growth strategy. This makes our announcement today even more significant – we’re not just expanding our capabilities; we’re also following through on the goals we’ve set for our bright future.

Please join me in extending a warm welcome to our new colleagues at what will be known as Monument Chemical Port Arthur. I know they share our commitment to continuous improvement, operating with a safety-first mindset, and developing new solutions to serve customers better.

I look forward to seeing what we will all achieve as we explore new possibilities together.

Be safe,

Paul