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LiquidPower Specialty Products Inc.
LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction.
LiquidPower Specialty Products Inc.
LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction. LSPI's portfolio of pipeline flow improvers offers solutions for light to heavy crude oil products and refined products. LSPI...
General information
Firm type
other
Year founded
1979
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Additional offices
Canada
Sector focus
Frequently asked questions
Who owns LiquidPower Specialty Products?
LSPI is a wholly owned subsidiary of Berkshire Hathaway, acquired as part of Berkshire's 2014 purchase of The Lubrizol Corporation (per Berkshire Hathaway, 2014). Lubrizol had owned LSPI since 2001.
Does LiquidPower Specialty Products operate as a family office or investment firm?
No. LSPI is an operating company — a specialty chemical manufacturer — not a family office, asset manager, or investment vehicle. It is owned by Berkshire Hathaway, the conglomerate controlled by Warren Buffett.
What does LSPI actually produce?
LSPI produces pipeline drag reducing agents (DRAs) — long-chain hydrocarbon polymers that reduce friction in turbulent pipeline flow. The products are sold under the brands LiquidPower, ExtremePower, and RefinedPower, and are used to increase pipeline throughput, manage pressure, or reduce pumping energy.
Who are LSPI's primary customers?
LSPI serves pipeline operators in the oil and gas industry, handling light-to-heavy crude, refined products, and multiphase flows. Customers span onshore and offshore applications in North America, Latin America, and other global markets.
What is LSPI's revenue or financial performance?
As a wholly owned Berkshire Hathaway subsidiary, LSPI does not publicly disclose revenue, profit, or production volume. Berkshire Hathaway's annual report does not break out LSPI's results separately.
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