Changqing Proppant Corporation
Oil and GasTexas, United States2-10 Employees
Changqing Proppant Corporation manufactures ceramic proppants used in hydraulic fracturing to support productivity in oil and gas wells. The company has served major Chinese producers since 2006 and expanded to international markets by 2008, including a 2010 joint venture with two other plants to consolidate volume for the US market. Part of its US supply was directed to the Bakken field in North Dakota, with volumes reaching as high as 70,000 metric tons per year. The business maintains a long-term arrangement with China Alumina to secure high-quality bauxite ore from mines in Taihang Mountain, which are cited as having substantial reserves. In late 2012, Changqing Proppant established a presence in Houston, Texas to support growth toward an eventual IPO, while continuing to operate from Cypress, Texas.