CALUMET APPOINTS SIP AS NAPHTHENICS DISTRIBUTOR IN EUROPE

London and Indianapolis, March 2022
Calumet Specialty Products Partners LP (“Calumet”) announces a long-term distribution partnership with SIP Specialty Oils and Fluids (“SIP”).
The partnership will broaden the footprint in the European market for the Calumet range of naphthenic base oils and the growing demand for more supply options. Calumet has teamed up with SIP Speciality Oils and Fluids to market and promote the product portfolio to industrial markets across Europe. Under the terms of the agreement SIP will market, sell, warehouse, and support the full Calumet product portfolio of naphthenic products with immediate effect.
Calumet also authorises SIP to sell their range of paraffinic base oils, solvents, and esters in the European market.
Calumet International Sales Director John Soanes said “We are incredibly excited about this recent agreement with SIP Specialty Oils and Fluids, as our organizations are very much aligned in our goals and values. We look forward to providing customers in Europe with our high-quality naphthenic base oils leveraging the excellent reputation of our new partner, SIP Specialty Oils and Fluids”
Tobias Tasche, Managing Director of SIP said “SIP is delighted to have reached this agreement with Calumet. We see an increasing interest from our customers in supply security for naphthenic oils and a keen interest to diversify their supplier base for this product segment, and with our thirty years of experience in EMEA we are well placed to support these customers. We have our own in-house technical and logistics teams to support the introduction of this product portfolio and we look forward to achieving great success in the European market together”
About Calumet:
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty products to customers in a broad range of consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.
About SIP Speciality Oils and Fluids:
SIP Limited is an independent marketer of specialty oils, fluids and additives and has been active in EMEA for more than 30 years. Operating from its office in London, UK, and their storage and distribution hub in Antwerp, Belgium products are supplied throughout Europe and beyond by vessel, road tanker, flexi/iso tanks. They supply drilling base fluids, premium industrial oils (naphthenic and paraffinic), process oils, environmentally acceptable base oils, low viscosity specialty fluids and a range of additives. For more information about SIP, please visit www.sip.com or on LinkedIn www.linkedin.com/company/sip-ltd/.