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30 Best CEOs of the year 2024

Specialty chemical manufacturing powerhouse, revolutionizing the industry landscape with precision, passion, and client success: CrudeChem Technology

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“Together, we'll lead CrudeChem Technology toward a successful and sustainable future.”

In the dynamic world of specialty chemical manufacturing, CrudeChem Technology stands out as a trailblazer, revolutionizing the industry with its commitment to personal service, innovation, and unparalleled performance. As a leading manufacturer, distributor, and field service provider specializing in low cost, high-performance products, CrudeChem Technology takes pride in transforming the operational landscape for its clients.

At CrudeChem, every product is a testament to their dedication to excellence. Whether it's HV Friction Reducers, completions chemicals, scale control, or biocides, each offering is meticulously crafted to optimize outcomes. When you choose CrudeChem, you're not just a customer; you're a collaborator in their innovative journey. Backed by a team with over six decades of combined experience, CrudeChem doesn't just understand your needs; they anticipate them.

Susanta Mohapatra, CEO of CrudeChem Technology, spoke exclusively to The Silicon Review about how he and his expert team are pairing performance, efficiency, and affordability to deliver remarkable results for their clients.

How It All Began

In the specialty chemical manufacturing, one name shines brightly, Dr. Susanta Mohapatra, the visionary CEO behind CrudeChem Technology. With a profound commitment to innovation, efficiency, and client success, Dr. Mohapatra has redefined the industry landscape. Alongside his esteemed colleagues, Jose Ojeda and Miles Grendel, he embarked on a transformative journey in 2016. Their mission was to revolutionize the oilfield chemical sector by delivering unparalleled performance products and services in a remarkably efficient and cost-conscious manner.

Under Dr. Mohapatra's leadership, CrudeChem Technology swiftly gained recognition for its groundbreaking solutions. Beginning with specialized surfactants, the company adeptly solved intricate challenges, soon expanding its portfolio to encompass scale inhibitors, friction reducers, and versatile combination fluids. This innovative approach catapulted CrudeChem into prominence, serving clients across numerous basins within the lower 48 states.

Amidst the illustrious achievements of CrudeChem, there exists a parallel narrative of determination and triumph. A journey of the company’s CEO that began at the age of 14, marked by the pursuit of financial independence against a middle-class backdrop, led to early entrepreneurship and the confidence to undertake larger ventures. “Starting at 14, I gained financial independence despite our middle-class background. Early entrepreneurship built my confidence for larger ventures, including successfully starting, scaling, and exiting a business. With this foundation, I set my sights on a greater purpose, driving me to secure admission into my PhD program, where I ranked 2nd in an all-India exam. In my PhD program, I delved into uncharted research areas, selecting an unconventional topic. Despite initial uncertainty, my dedication yielded groundbreaking developments, making my research highly sought after. However, gaining approval for my unconventional topic was a significant challenge. My goal was to revolutionize catalysis through green chemistry, turning the seemingly unusable into a valuable asset. Transitioning to the United States presented another set of hurdles, requiring me to secure scholarships to facilitate my journey to the University of Reno, Nevada, where I explored catalysis for green chemistry. Collaborating with esteemed institutions such as the Department of Energy, Starbucks, and Foster Farms, I spearheaded projects that aimed to convert waste materials into viable fuels like biodiesel. My expertise attracted an Oil and Gas company, where I applied green chemistry principles through patents and research, leading to tangible product development. The pivotal moment arrived when I decided to embark on my own entrepreneurial journey, starting from scratch in my garage with a blender and a table. With determination and resilience, I steered the company from its inception to a valuation of $70 million today, without financial assistance from venture capitalists. Overcoming diversification challenges, we expanded our product line to over 100 unique offerings,” said Susanta Mohapatra.

CrudeChem's Trust-Centric Growth Strategy

At the heart of CrudeChem's journey lies an unwavering commitment to trust, both internal and external. “Trust is unquestionably one of the most critical currencies of leadership, and its preservation hinges on authenticity and consistency. CrudeChem's inception was marked by collaboration among three founding partners, and we recognized that trust would be the bedrock of our growth. Initially, trust existed among us, the founders, setting the tone for our collective endeavors. However, it didn't stop there; trust extended to all our employees, forming the foundation of our organization's culture. Moreover, we've cultivated an outstanding camaraderie with our vendors, who are integral to our growth and success. Trust with our suppliers is another cornerstone of our journey, ensuring a seamless and prosperous partnership that underpins our operations. Trust, whether internal or external, is the lifeblood of CrudeChem's progress and achievements.”

Elevating Oilfield Operations with Exceptional Solutions

CrudeChem Technology stands as a prominent provider of chemical fluid additives within the oil and gas industry. “We specialize in various applications, including hydraulic fracturing, coiled tubing, well production, and drilling across major U.S. basins. Our comprehensive services encompass not only cutting-edge additives but also on-site technical support and efficient last-mile logistics. Expanding our reach globally, we leverage our success in the United States and are committed to integrating green chemistry principles into our products, aiming to reduce environmental impact significantly. To ensure seamless operations and zero Non-Productive Time (NPT), we maintain a complete fleet of trucks and robust logistics capabilities, guaranteeing on-time product delivery.”

CrudeChem Technology provides comprehensive oilfield chemical solutions and services with distinctive features that set it apart:

  • End-to-End Capabilities: CrudeChem Technology excels in designing, manufacturing, and delivering tailored chemicals for its clients.
  • On-Site Delivery: The company's services encompass last-mile logistics for prompt and efficient chemical delivery, effectively minimizing downtime.
  • Field Engineering Support: A dedicated team within CrudeChem Technology ensures proper chemical application, monitors performance, and makes necessary adjustments to meet or exceed client expectations.
  • Innovative Research and Development: The company invests continuously in cutting-edge, eco-friendly products through research and development, thus enhancing its market position and promoting environmental stewardship.

Road Ahead

“Over the next five years, I anticipate significant transformation at CrudeChem Technology. My role in this change includes expanding and retaining our client base, diversifying services into new industries, and promoting international growth. We also emphasize balanced growth, employee well-being, and community involvement, such as sponsoring events and supporting local schools and clubs. Our goal is to establish CrudeChem Technology as a globally recognized brand known for innovative solutions across various industries and proactive climate change contributions. Our environmentally friendly products will play a key role in addressing environmental challenges. We are dedicated to continuous improvement, innovation, and a strong sense of responsibility towards clients, employees, communities, and the environment. Together, we'll lead CrudeChem Technology toward a successful and sustainable future,” concludes Dr. Mohapatra.

About | Susanta Mohapatra

Susanta holds a Ph.D. in Chemistry from the Indian Institute of Technology, Bombay and he has completed his Postdoctoral work in Chemical Engineering at the University of Nevada Reno. During his impressive career spanning over 20 years, Dr. Mohapatra has secured six granted patents in areas like enhanced oil recovery, renewable chemicals, and surfactant chemistry, with seven more patents currently under review. He has authored over 100 international publications and presentations and has been invited to deliver more than 30 keynote talks at international conferences.

“We are a specialty oilfield chemical developer, manufacturer, distributor, and field service provider with a strong focus on low cost, high performance products.”

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