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Stock impact report

ChampionX increases Permian Basin chemical production capabilities by nearly 10% [Yahoo! Finance]

ChampionX Corporation (CHX) 
Company Research Source: Yahoo! Finance
The project is a key initiative to meet industry demands while reducing inter-plant transportation, and associated carbon emissions, by approximately 56.7 tons of CO2 per year. The ChampionX manufacturing plant in Odessa was established in 1975. Since then, the plant has played a significant role in the oil & gas industry, contributing to the development of production, completions and midstream chemistries. This major enhancement to its production plant and facilities includes the installation of state-of-the-art automation and packaging technologies, including an automated tote and drum filling station. Aligned with the global organization's focus on safety, continuous improvement and sustainability, ChampionX has collaborated with a leading liquid filling and conveyor systems company to deliver an optimized chemical filler system that is ergonomic, safe and efficient. In addition, ChampionX has also hired five personnel to support its expanded operations, bringing its total wo Show less Read more
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