ESP Petrochemicals, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on March 10, 2016. The affiliate includes ESP Resources, Inc. The debtor listed its assets of $3.28 million and liabilities of $7.43 million. The largest unsecured creditors include Access Chemicals & Services, LLC, K-Solv, Lp, Chemical Control, CST Performance Products Corp., Hoover Group, Inc., Industrial Chemicals, Inc., Martin Energy Services LLC, Matthews, Lawson & Johnson, P.L.L.C., MidSouth Bancorp Inc. and Premier Chemical Technologies, LLC.

The debtor is represented by Edward L Rothberg of Hoover Slovacek, LLP as its legal counsel.