Inc. magazine has identified the fastest-growing companies in Houston. Nick Bee/Pexels

Bellaire-based startup Instafuel is pumping up its revenue in a big way.

Among the 250 fastest-growing companies in Texas identified by Inc. magazine, Instafuel tops the group of businesses based in the Houston metro area and ranks fifth statewide. Houston-based companies make up 68 of the state's fast-growing companies — eight Houston companies make up the top 25 list.

Instafuel, whose official corporate name is Fuel Husky LLC, provides mobile refueling services to B2B clients. The Inc. ranking, released March 13, shows Instafuel posted revenue growth of 1,353 percent from 2016 to 2018.

According to a November 2019 article published by CSP magazine, Instafuel has expanded to 30 trucks that have dispensed nearly 10 million gallons of fuel to more than 150 B2B clients in major Texas metro markets like Houston, Dallas-Fort Worth, and Austin. CSP covers the convenience and petroleum retailing industry.

"We've been bootstrapping … in stealth mode for the last four years, just trying to grow this business one [client] by one, trying to truly understand what it means to be a mobile refueler, or what we call a compact mobile refueler, and trying to target and understand the business model for small- to medium-sized business fleets," Nour Baki, vice president and co-founder of Instafuel, told the magazine.

Ranked second in the Houston area and sixth statewide by Inc. is Spring-based Bellatorum Resources LLC, whose revenue shot up 1,261 percent from 2016 to 2018. Bellatorum, a veteran-owned and veteran-operated investment company, specializes in mineral rights and oil royalty acquisitions.

"I think our work ethic and customer service is what makes us different from our competitors," Chris Bentley, president and CEO of Bellatorum Resources, told the Oil & Gas Council in July 2018.

"Based on the feedback I consistently receive from mineral owners, they tell me that many of our competitors fail to return phone calls and emails, and sometimes even fail to treat them with common courtesy and respect during their business dealings," Bentley added. "We believe in putting the mineral owner first, which always pays off for us."

At No. 3 in the Houston area and No. 8 statewide is Houston-based Sarvicus LLC. Sarvicus, an IT services and utilities provider, grew revenue by 1,048 percent from 2016 to 2018.

"Whether it's a process, piece of equipment, or a tool, we try to optimize its efficiency. When we are successful, that often translates to benefits for our customers," Sarvicus co-founder and CEO Marc Packard told CIOReview magazine.

Houston-based SIA Solutions LLC appears at No. 4 among Houston-area companies and No. 9 among Texas companies. From 2016 to 2018, revenue at the professional services engineering and consulting firm soared 1,030 percent.

"Because of our client-first philosophy, we're willing to take on tough challenges and deliver. It's in our culture. It's natural to us," CEO Srini Neralla told the McFerrin Center for Entrepreneurship at Texas A&M University's Mays Business School in November 2019. We put together strong teams comprising of firms our size or larger, including universities, in order to deliver what our clients want."

With a 2016-18 growth rate of 824 percent, Houston-based Zahroof Valves Inc. nails down the No. 5 spot among Houston-area companies and No. 14 among Texas companies. Zahroof Values makes and markets specialized valves for reciprocating gas compressors. Its investors include Saudi Aramco Energy Ventures LLC, the investment arm of oil giant Saudi Aramco.

In an August 2019 release, Zahroof Valves CEO Tony Gioffredi said: "Our commitment to driving positive change [in] the oil and gas industry is shown through our innovative products … ."

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Chevron enters the lithium market with major Texas land acquisition

to market

Chevron U.S.A., a subsidiary of Houston-based energy company Chevron, has taken its first big step toward establishing a commercial-scale lithium business.

Chevron acquired leaseholds totaling about 125,000 acres in Northeast Texas and southwest Arkansas from TerraVolta Resources and East Texas Natural Resources. The acreage contains a high amount of lithium, which Chevron plans to extract from brines produced from the subsurface.

Lithium-ion batteries are used in an array of technologies, such as smartwatches, e-bikes, pacemakers, and batteries for electric vehicles, according to Chevron. The International Energy Agency estimates lithium demand could grow more than 400 percent by 2040.

“This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies,” Jeff Gustavson, president of Chevron New Energies, said in a news release. “Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers.”

Rania Yacoub, corporate business development manager at Chevron New Energies, said that amid heightening demand, lithium is “one of the world’s most sought-after natural resources.”

“Chevron is looking to help meet that demand and drive U.S. energy competitiveness by sourcing lithium domestically,” Yacoub said.

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This article originally appeared on EnergyCapital.

International Space Station welcomes astronauts from successful Axiom Mission 4

Out In Space

The first astronauts in more than 40 years from India, Poland and Hungary arrived at the International Space Station on Thursday, ferried there by SpaceX on a private flight.

The crew of four will spend two weeks at the orbiting lab, performing dozens of experiments. They launched Wednesday from NASA’s Kennedy Space Center.

America’s most experienced astronaut, Peggy Whitson, is the commander of the visiting crew. She works for Axiom Space, the Houston company that arranged the chartered flight.

Besides Whitson, the crew includes India’s Shubhanshu Shukla, a pilot in the Indian Air Force; Hungary’s Tibor Kapu, a mechanical engineer; and Poland’s Slawosz Uznanski-Wisniewski, a radiation expert and one of the European Space Agency’s project astronauts on temporary flight duty.

No one has ever visited the International Space Station from those countries before. The time anyone rocketed into orbit from those countries was in the late 1970s and 1980s, traveling with the Soviets.

“It’s an honor to have you join our outpost of international cooperation and exploration," NASA's Mission Control radioed from Houston minutes after the linkup high above the North Atlantic.

The new arrivals shared hugs and handshakes with the space station's seven full-time residents, celebrating with drink pouches sipped through straws. Six nations were represented: four from the U.S., three from Russia and one each from Japan, India, Poland and Hungary.

"It’s so great to be here finally. It was a long quarantine," Whitson said, referring to the crew's extra-long isolation before liftoff to stay healthy.

They went into quarantine on May 25, stuck in it as their launch kept getting delayed. The latest postponement was for space station leak monitoring, NASA wanted to make sure everything was safe following repairs to a longtime leak on the Russian side of the outpost.

It's the fourth Axiom-sponsored flight to the space station since 2022. The company is one of several that are developing their own space stations due to launch in the coming years. NASA plans to abandon the International Space Station in 2030 after more than three decades of operation, and is encouraging private ventures to replace it.