CLMT
- Calumet Specialty Products Partners, L.P.
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Overview
Company Summary
Calumet Specialty Products Partners, L.P., commonly known as Calumet, is a publicly traded company that operates in the specialty petroleum products industry. As an independent producer of high-quality specialty hydrocarbon and fuel products, Calumet specializes in manufacturing a wide range of oils, waxes, solvents, and other petrochemicals.
The company operates through three business segments: Specialty Products, Fuel Products, and Oilfield Services.
The Specialty Products segment is the core of Calumet's business and focuses on producing and selling a variety of specialty oils and waxes, including base oils, white oils, petrolatum, paraffin waxes, synthetic lubricants, and other specialty products used in a multitude of industries. These products serve various applications, such as personal care products, pharmaceuticals, industrial applications, adhesives, and coatings.
The Fuel Products segment primarily involves refining crude oil into fuel products like gasoline, diesel, jet fuel, and other products used for transportation, heating, and power generation. Calumet operates several refineries across the United States to produce these fuel products for distribution and sale.
The Oilfield Services segment offers various products and services to support the drilling, completion, and production of oil and gas wells. This includes manufacturing and selling drilling fluids, completion fluids, production chemicals, and other related products used in the exploration and production of oil and gas.
Calumet Specialty Products Partners primarily caters to customers in North America but also conducts some international business. The company's extensive product portfolio, along with its diverse customer base, positions it as a leading supplier in the specialty petroleum products industry.
In summary, Calumet Specialty Products Partners is engaged in the production and distribution of a wide range of specialty oils, waxes, solvents, fuel products, and oilfield services, serving clients across numerous industries in North America and globally.