PR87014

HOUSTON, Dec. 3, 2020 /PRNewswire=KYODO JBN/ --

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.  

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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