Petrex

What Petrex does

Petrex (legal entity PETREX, Inc.) is a privately held, environmentally driven industrial manufacturer and installer founded in 1972 and headquartered in Warren, Pennsylvania. The company designs, manufactures, and installs aluminum and stainless steel internal floating roof systems and floating and fixed API oil-water separator cover systems for the petroleum and petrochemical industries. Its core technology is a proprietary aluminum honeycomb panel construction (under one pound per square foot, inherently buoyant, non-combustible, modular) combined with a patented cable suspension system that eliminates leg penetrations through the roof and a patented aluminum clamp bar fastening system that accelerates field installation. The PW-75 Wiper Seal, a proprietary non-cellular cast urethane consumable, extends the product line into recurring replacement revenue.

The company's revenue model combines project-based hardware sales (Internal Floating Roof Systems, Oil Water Separator Cover Systems, Skin & Pontoon roofs) with professional services including installation supervision, seal system retrofits, and tank component design and supply. Pricing is custom and quote-based, scoped to tank size, materials, and project requirements, with multi-year contracts common. Distribution is exclusively direct enterprise field sales; the website serves as the lead-generation channel via a Request a Quote form. Target customers are oil refineries, petroleum storage terminals, upstream operators, and petrochemical manufacturers that must comply with EPA 40 CFR Part 61 NESHAPS, Part 60 QQQ, and API Guidelines for storage tank emissions. Domestic and international supervision services extend the geographic reach of a small, specialized team operating within an 11-50 employee band. Leadership is led by John Byrne, President.

Petrex's strategic posture is that of a long-tenured specialty fabricator monetizing a niche through proprietary patents, regulatory-grade compliance, and a retrofit service annuity on its installed base, rather than through scale, software, or rapid geographic expansion.

Name

Petrex

Legal name

PETREX, Inc.

Website

https://petrexinc.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Petrex (PETREX, Inc.), founded in 1972 in Warren, Pennsylvania, designs, manufactures, and installs proprietary aluminum honeycomb internal floating roofs, oil-water separator covers, and wiper seals for petroleum and petrochemical storage tank operators on a custom project basis.

Ownership category

akta.pro rank

Headquarters

HQ city

Warren

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Internal Floating Roof Systems: Design, manufacture, and installation of aluminum honeycomb internal floating roof systems for fixed roof storage tanks. Provides emission control for petroleum and petrochemical storage applications.
2. Oil Water Separator Cover Systems: Manufacture and installation of floating and fixed API oil-water separator cover systems. Both floating and fixed cover options for industrial separator applications.
3. Seal Replacement and Upgrade Services: Economical seal replacements or upgrades on most internal floating roofs currently in service. Successfully retrofits existing skin & pontoon, internal and external steel pan, full contact aluminum and composite floating roofs.
4. Installation and Supervision Services: Domestic and international supervision services for installation. Repair of existing aluminum internal floating roof systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PETREX designs, manufactures, and installs aluminum and stainless steel internal floating roof systems and floating and fixed API oil-water separator cover systems for fixed-roof storage tanks in the petroleum and petrochemical industries. Its core products use proprietary aluminum honeycomb panel technology, a patented cable suspension system, and a patented aluminum clamp bar fastening system to minimize evaporative loss and meet U.S. EPA and API air quality regulations. The company also supplies the proprietary PETREX PW-75 WIPER SEAL and provides installation supervision, seal replacement/upgrade, and tank component design and supply services domestically and internationally.

Product overview

PETREX designs, manufactures, and installs aluminum and stainless steel internal floating roof and floating/fixed oil-water separator cover systems for the petroleum and petrochemical industries. The core product portfolio consists of Internal Floating Roof Systems (featuring aluminum honeycomb panels with patented cable suspension and clamp bar technology) and Oil Water Separator Cover Systems (available in floating and fixed configurations). Supporting products include the PETREX PW-75 WIPER SEAL, Skin & Pontoon Internal Floating Roof System, and related seal replacement/upgrade services. All systems are designed to eliminate air-product interface to minimize evaporative loss and meet U.S. Federal, State, and EPA air quality regulations.

Differentiator

Problem solved

Functional benefit

Brands

• PETREX PW-75 WIPER SEAL: Proprietary Non-Cellular cast urethane wiper seal made in the U.S.A. Available in 12 inch or 14 inch widths and a factory radiused 10.5 inch width for small diameter tanks.

Products and services

• Internal Floating Roof Systems Aluminum honeycomb panel floating roof systems that float in full surface contact with stored product inside fixed-roof tanks, designed to minimize evaporative loss, reduce vapor emissions, and control hydrocarbon release for petroleum and petrochemical storage applications. Features patented cable suspension and aluminum clamp bar fastening.
• Oil Water Separator Cover Systems Floating and fixed cover systems for API oil-water separator basins that eliminate the air-product interface to minimize evaporative loss. Available in carbon steel, stainless steel, or aluminum with optional deflagration venting, inspection hatches, and pre-located pipe penetrations.
• Skin & Pontoon Internal Floating Roof System Emission controlling internal floating roof device for fixed-roof storage tanks that provides an economical means to control vapor emissions and comply with air pollution regulations, including seal replacement or upgrade options on most internal floating roofs currently in service.
• PETREX PW-75 WIPER SEAL Splice-ready wiper seal made from proprietary non-cellular cast urethane material with superior strength and resiliency, offered in 12 inch or 14 inch widths and a factory radiused 10.5 inch width for small diameter tanks, featuring 28-foot continuous solid molding with no factory splices.
• Seal System Replacement and Upgrade Services Retrofit services for existing skin & pontoon, internal and external steel pan, full-contact aluminum, and composite floating roofs, providing replacement-in-kind seal systems as well as seal system upgrades for petroleum and petrochemical operators.
• Installation, Supervision, and Tank Component Supply Services Design and supply of tank gauge pipes, internal ladders, inlet diffusers, and floating suction lines, combined with domestic and international supervision of installation of PETREX floating roof and separator cover systems, plus repair of existing aluminum internal floating roof systems.

Quantifiable outcome

• Full surface contact minimizes evaporative loss by eliminating air-product interface, formation of vapors, and hydrocarbon release
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Superior Tank Co. Superior Tank manufactures bolted and welded steel storage tanks for the petroleum, chemical, and water sectors, with floating roof capabilities — directly comparable to PETREX in product offering and end-market focus.
• CST Industries: CST Industries is a major manufacturer of bolted and welded storage tanks for petroleum, petrochemical, water, and industrial applications, with associated aluminum internal floating roofs — making it a direct competitor in the same product category serving similar end customers.
• Tank Connection: Tank Connection is a storage tank manufacturer and floating roof supplier serving the petroleum, chemical, and water industries, with bolted tank systems and aluminum internal floating roof offerings directly comparable to PETREX's product mix.
• HMT LLC: HMT is a tank services and technology provider that designs, fabricates, and inspects aboveground storage tank equipment for the petroleum and petrochemical industries — directly overlapping PETREX's core market and product category, particularly internal floating roof and seal services.
• Pittsburgh Tank & Tower: Pittsburgh Tank & Tower manufactures and erects bolted and welded steel storage tanks, including internal floating roof systems, for industrial and petroleum applications — a direct competitor in storage tank construction and floating roof systems.
• PermianLide Industries: PermianLide is a steel tank and pressure vessel manufacturer with significant presence in upstream and midstream oil & gas storage, often specified for floating roof applications — competing for the same end customers as PETREX.
• T.F. Hudgins Integrated Services: T.F. Hudgins provides specialty services and equipment to the petroleum and petrochemical industries, including tank-related work, complementing and competing with PETREX's installation and supervision service offerings.

Regional players

• Motherwell Bridge Industries: Motherwell Bridge (UK-based) is a long-established manufacturer of floating roof systems and storage tank equipment for the petroleum industry — a comparable technology peer with primarily European and Middle Eastern market focus.

Broad incumbents

• CB&I (Chicago Bridge & Iron / McDermott): CB&I (now part of McDermott) is a global EPC incumbent that designs and builds large-scale petroleum storage tanks, including floating roof systems — a much broader player than PETREX but operating in the same core market and competing on large terminal and refinery projects.
• Enduramax / Matrix Service: Matrix Service provides construction and maintenance services for storage tanks and terminals across the oil, gas, and petrochemical sectors, including floating roof work — a broader service incumbent competing with PETREX for related project scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/petrex-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrex