Country for PR: United States
Contributor: PR Newswire New York
Thursday, December 03 2020 - 06:42
AsiaNet
BioUrja Group has completed its acquisition of the operating businesses of Energy Alloys
HOUSTON, Dec. 3, 2020 /PRNewswire-AsiaNet/ --

BioUrja Commodities, LLC, which is part of the BioUrja Group ("BioUrja") of 
Houston, TX, has completed its acquisition of the operating businesses and the 
trade name of Energy Alloys. The acquisition was limited to acquiring the 
equity in those Energy Alloys entities that were not debtors subject to the 
recent bankruptcy proceedings involving Energy Alloys, LLC and its debtor 
affiliates. The transaction did not include the shares of the debtor Energy 
Alloys entities, which are non-operational, or any other remaining assets held 
directly by debtor Energy Alloys entities.  

Logo - https://mma.prnewswire.com/media/942388/BioUrja_Trading_LLC_Logo.jpg

The BioUrja Group currently owns Hamilton Metals, LLC, a global supplier of 
corrosion-resistant metal alloy products and tubular goods used for the energy 
exploration and production sector. With the acquisition of the operating Energy 
Alloys companies, the combined metals business will provide manufacturing 
services and supply corrosion resistant alloy products to oilfield services 
customers in the US, United Kingdom, Dubai, Mexico and Singapore. BioUrja Group 
intends to rebrand all of its metal alloy operations under the name of BioUrja 
Energy Alloys.  

BioUrja was founded in 2006 by Amit Bhandari and is a leading energy and 
agricultural commodity trading and supply company, focusing on ethanol, refined 
products, electric power, metal tubing, grains and animal feed ingredients.  
The Group is among the largest privately held energy companies in the Houston 
area, with annual revenues averaging above $3 Billion. The BioUrja Group's 
financial strength and extensive experience as a global supplier of 
corrosion-resistant alloy products will provide the acquired Energy Alloys 
businesses with the tools and resources they need to continue providing a high 
level of service customized to the individual needs of each client.   

Amit Bhandari, Chairman and CEO of BioUrja, stated that: "We are excited to 
have completed our acquisition of the operating businesses and the trade name 
of Energy Alloys, which will help us become a dominant player in the corrosion 
resistant alloy and tubular goods sector of the oil & gas exploration services 
market. We now can reach into new geographies and provide more services to our 
growing customer base. We are excited to be among the few growing companies in 
our sector and are proud of our ability to navigate through the recent troubled 
economic environment by expanding, rather than contracting. We are honored to 
have so many great new people join our organization from Energy Alloys." 

About the BioUrja Group:

The BioUrja Group is an energy and agricultural commodity trading and supply 
group that includes BioUrja Trading, West Plains, Hamilton Metals, BioUrja 
Terminals & Land, and BioUrja Capital, among others. In 2019, the Group 
acquired Center Oil, and since 2017 has also acquired the former Dakota Plains 
frac sand & crude terminal in Newtown, North Dakota and the former Murphy Oil 
NGL terminal in Port Allen, Louisiana. The Group is exploring other 
acquisitions currently to expand its footprint in related industries.

SOURCE  BioUrja Trading, LLC

CONTACT: Shek Jain: shek.jain@biourja.com
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