The Plaza Group Secures $10 Million Line of Credit from Wells Fargo Business Credit
“In a tough economy like this, we are excited to be able to continue to pursue our growth initiatives with the help of partners like Well Fargo.”
“In a tough economy like this, we are excited to be able to continue to pursue our growth initiatives with the help of partners like Well Fargo.”
As part of its newly redesigned web site, The Plaza Group is pleased to announce that it has partnered with its logistics provider, ChemLogix, to make online order tracking available to its customers.
“This new agreement solidifies The Plaza Group’s position as a major merchant marketer of acetone, significantly increasing our supply.”
The Plaza Group, a Houston-based petrochemical marketer, announced today that it has signed an exclusive, long-term agreement with a member of the Royal Family of the sovereign state of Qatar to develop petrochemical opportunities in that Middle Eastern country.
Frontier Oil and Refining Company (“Frontier”, NYSE: FTQ), a subsidiary of Frontier Oil Corporation, has selected The Plaza Group to market benzene produced at its El Dorado, Kansas, facility.
President Randy Velarde commented on the hiring saying, “We are pleased to be adding such a well-respected and established industry professional to the TPG team.”
He further said, “We expect to increase our supply flexibility even more with the announcement of another major agreement in the coming weeks.”
Following several months of ongoing discussions with Frontier Oil and Refining Company (“Frontier”) and other manufacturers of phenol and acetone.
The agreement was signed recently in Houston by The Plaza Group’s President Randy Velarde and Resolution Performance Products’ Purchasing Manager Hans van Veen.