OTI Greentech AG signs distribution agreement with Brenntag GmbH

Cooperation with Brenntag GmbH for production and distribution of oil cleaning products

(PresseBox) ( Zug, )
OTI Greentech AG has entered into a distribution agreement with Brenntag GmbH, the German subsidiary of chemical distribution global market leader Brenntag AG. Brenntag GmbH is to sell OTI Greentech's innovative products for cleaning oil impurities in Germany. The move enables OTI Greentech to enter a further key market.

The core points of the distribution agreement between OTI Greentech AG and Brenntag GmbH relate to the terms and conditions of the production and sale of all OTI Greentech's liquid ECOSOLUT products. The extension of sales activities to other countries is under construction.

OTI Greentech has a patented portfolio of eco-friendly and highly efficient purification and separation products for removing oil contamination. These so called "green chemicals" can be used for the removal as well as the recovery of oil residues.

Brenntag GmbH has been blending and formulating OTI Greentech AG's liquid products on the company's behalf since 2007; the inclusion of the new, innovative OTI products in Brenntag's extensive distribution network marks a new form of partnership for the companies.

Sales partners across the globe

"We are very pleased indeed to have entered into this distribution contract with Brenntag GmbH. It not only enables us to expand our long-term business relationship with Brenntag, but has also given us an experienced, dependable partner which will commit its professional expertise to the sale of our innovative products in Germany", comments Stephan Rind, Executive Chairman of the Board of Directors at OTI Greentech AG.

The sales activities conducted by Brenntag GmbH in Germany will focus on the refinery sector, the shipping industry, tank cleaning services, power plant operators and industrial cleaning companies. The recent recognition and certification as a Cleantech Driver in the waste management segment awarded to OTI Greentech by the German Clean Tech Institute (DCTI) promises to boost the company's marketing success.

The distribution agreement for Germany is the latest in a series of similar agreements OTI Greentech has entered into in recent months; 2011 saw the young clean tech company from the Swiss town of Zug contractually securing distribution of its products by first class partners in the US, the Middle East and south-eastern Europe.

About Brenntag in Germany

Brenntag GmbH, the German subsidiary of Brenntag Group, operates 16 locations at which it provides customers with a wide-ranging product portfolio and comprehensive value-added solutions around chemical distribution, including filling, decanting and storage, mixing, and technical support and services in various fields including water treatment and speciality chemicals.

About Brenntag AG

Brenntag is the global market leader in chemical distribution. Linking chemical manufacturers and chemical users in industry, Brenntag is active across the globe, providing distribution solutions for industry and speciality chemicals. With over 10,000 different products and a world-class supplier base, Brenntag offers one-stop solutions to more than 160,000 customers. These include value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling and comprehensive technical support. Headquartered in Mülheim an der Ruhr, Germany, Brenntag operates a global network comprising over 400 distribution centres in almost 70 countries. In 2010, the company employed over 12,000 people and realised global sales of EUR 7.6 billion (USD 10.1 billion).
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