Higher costs for guar gum is squeezing margins for oil field firms such as Baker Hughes.
Furthermore, by fracking, the US is expected to become the world’s largest oil producer by the end of the decade. Good news for reducing our dependency on foreign oil.
Check out our guar gum replacement for the oil drilling industry.
Guar gum pricing is about $7,000/ton, down from $27,000/ton back in May this year.
Also, India normally sells 60% of its Guar to the oil industry and 40% to the food industry. But this year, the food industry has only bought 20% because of the high prices.
Read More ->
US oil drilling and food companies are turning to Guar gum alternatives. Our company has Guar gum alternatives: for both industrial (oil drilling industry, hydroseeding, carpet dying, leather tanning, explosives, cat litter) and food (bread, ice cream, yogurt, salad dressing, juices, wet pet food). Contact us today for more information.