LiquidPower Specialty Products Inc. (a Berkshire Hathaway Company) Information

LiquidPower Specialty Products Inc. (LSPI) invented the first flow improver drag reducing agent (DRA) over 40 years ago, and today is a full-service provider of pipeline drag reduction solutions. As the industry leader, the company offers the most comprehensive range of drag reducing agent (DRA) products, along with the necessary injection equipment, maintenance, supply, and pipeline DRA optimization services. Timeline: ● 1973: Conoco, Inc. commenced patent protection on DRA ● 1979: First commercial gel DRA ("CDR") ● 1994: First commercial suspension DRA for crude applications (LIQUIDPOWER®) ● 1997: First commercial suspension DRA for refined products ● 2002: ConocoPhillips merger; launch of RP™II for refined products (REFINEDPOWER®) ● 2008: First DRA for heavy oil (EXTREMEPOWER®) ● 2012: ConocoPhillips spun off Phillips 66 ● 2014: Berkshire Hathaway acquired the business, renamed Lubrizol Specialty Products, Inc. (LSPI) ● 2017: LSPI changed name to LiquidPower Specialty Products Inc. (a Berkshire Hathaway Company) In 2018, LSPI was named a Houston Best Place to Work (#6) by the Houston Business Journal, and a Houston Top Workplace (#19) by The Houston Chronicle.