# Flotek signs three-year downhole chemistry supply deal with ProFrac worth over $230M

Flotek Industries agreed a long-term contract to supply its green downhole chemistry solutions to a dedicated portion of ProFrac's hydraulic fracturing fleets for three years. The contract creates an expected backlog of more than $230 million, and Flotek is also issuing $10 million of convertible notes to ProFrac.

- Type: Contract
- Announced: 2022-02-02
- Where: Houston, Texas, United States
- Value: $230.0M
- Status: announced
- Products: downhole chemistry solutions, green specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Flotek Industries](https://endata.com/companies/8878.md) (supplier)
- [ProFrac Services](https://endata.com/companies/8879.md) (customer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/flotek-and-profrac-team-up-to-provide-sustainable-vertically-integrated-solutions-301473819.html), 2022-02-02: "This creates an immediate expected contracted backlog of revenue greater than $230 million, based on estimated chemical volumes and pricing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.