My understanding is that the growth of their earnings is mainly driven by their chemical division in the short term, and in particular by their oil and gas business (2/3 of the chemical division).
They still have a significant potential to increase their penetration of this market as they only operate in 6 oil and gas basins in North America.
They also secured a new blue chip E&P client in North America with revenue expected to commence during Q4 24.
Main drivers, page-2
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