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PSI, Tradebe form joint venture

Petrochemical Services Inc. (PSI) and the Tradebe Group have announced a joint venture agreement in which the companies’ combined resources will allow for expanded coverage in new markets and technology sharing.

PSI provides waste processing, tank cleaning and gas freeing services with an emphasis on nonentry applications to a diversified group of industries including refining, chemical, and pulp and paper. Founded in 1981, the company has operations in New Orleans, Houston, Honolulu, and Richmond and El Segundo, Calif. It has worked in many areas including Mississippi, North Texas, Alaska, Canada and the Virgin Islands.

Tradebe Group, headquartered in Barcelona, Spain, is made up of 20 companies and is a leader in several segments of the environmental sector in Spain. With more than 25 years of experience in industry, it has expanded its activities, including to the United Kingdom, France and Turkey, as well as the United States.

The company primarily owns and operates TSD hazardous and nonhazardous waste facilities and provides on-site refinery services. The company owns Recovery & Recycling Solutions, which already operates de-ash and sludge treatment in several refineries. Its decision to enter into the joint venture with PSI is based on the desire to further this presence in the U.S. refining market.

The companies will both continue to contribute their resources to the joint venture, and in the future, PSI will be integrated into the Tradebe Group of companies.

IVS served as intermediary on the joint venture agreement.

For more information on PSI, call (504) 947-7825 or visit www.petrosvs.com.

For more information on Tradebe Group, visit www.tradebe.com.

If you are interested in selling, investing in or buying companies in the industrial and energy services sectors, please contact Thomas Brinsko at (281) 538-9996 or tbrinsko@bicalliance.com.

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