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New York–based specialty minerals producer Minerals Technologies announced Monday that it will expand its Türkiye operations with an investment at its Usak facility to increase production capacity for its Rafinol product line serving the natural oil purification market.
Rafinol products are used in purifying renewable fuels such as biodiesel, renewable diesel, and sustainable aviation fuel, as well as consumer oils and fats.
The company did not disclose the amount of the planned investment.
After the announcement, the company’s shares listed on the New York Stock Exchange (NYSE: MTX) rose by more than 2.5%.
According to a company statement, the expansion will help meet growing demand in the $1.1 billion global natural oil purification market, where renewable fuels now account for 12% and represent the fastest-growing segment.
D.J. Monagle III, group president of Minerals Technologies’ Consumer & Specialties segment, said the move reflects confidence in continued demand supported by new renewable fuel regulations in the United States and Europe.
Chairman and CEO Douglas T. Dietrich said the investment aligns with the company’s focus on higher-growth, consumer-oriented markets. He emphasized that MTI continues to leverage its mineral reserves and technologies to deliver purification solutions for complex industrial needs.
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Minerals Technologies Inc. is a global producer of specialty minerals and mineral-based products serving markets such as paper, packaging, construction, consumer goods, and energy. The company employs more than 4,000 people worldwide and operates facilities across North America, Europe, and Asia, with operations in 34 countries and global sales of $2.1 billion in 2024.
The Usak facility serves as a regional hub for manufacturing adsorbents used in renewable fuel and edible oil purification.
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