ThioSolv, LLC

Physical Address:

10225 Ulmerton Road Unit 8A

Largo, FL 33771


Mailing Address:

140 Island Way

Clearwater, FL 33767


PHONE: (832)443-0952
FAX: (830) 228-4410

Michael F. Ray


Record of success improving profits through plant process improvements, reengineering business processes and capturing market share in turnaround companies as well as in profitable organizations. Representative accomplishments....

  • Consulted on start-up companies bringing new technology to market.
  • Utilized 20+ years of industry experience and contacts to provided vision and strategy to grow Coastal's chemical division.
  • Improved annual profitability of a process manufacturing organization from a loss of $1.5 million to an EBITDA of $26 million.
  • Increased sales from $64 million to $150 million and assets from $130 to $300 million. Managed major expansion and capital improvement programs.
  • Completed acquisition that posted a 55.8% return on asset the first year.
  • Built new chemical operations in 3 states.


THIOSOLV, LLC 2001-Present

Founded ThioSolv, LLC in 2002 to develop and license technology and to use as a platform for consulting to the oil, gas and chemical industries.

  • Currently has four patents pending and a fifth patent in a joint venture outside ThioSolv and a sixth with a coal firm developed while consulting.
  • Provides business and process development for coal processing
  • Consults for both start-up and Fortune 500 companies.
  • Provides technology review and competitive analysis.


Board of Directors Since 2005

A public company employing technology to convert coal, natural gas and biomass to liquid fuels and fertilizers.


V. P. of Business Development

Coastal created a separate division in February of 1995 to focus on expanding the catalyst and chemical portions of their business.

  • Renegotiated critical energy supply and transportation agreements for major facilities in division.
  • Focused on long-term strategic growth of division as well as optimization of existing facilities.
  • Acquired Chevron's chemical plant in St. Helens, Oregon. First year ROA - 55.8%.
  • Led teams focused on acquisitions in the nitrogen, petrochemical and specialty chemical industries.
  • Built a $39 million grassroots chemical plant in south Texas.
  • The sales are approximately $650 million for the division.


President 1990-1995

Coastal Chem has four major lines of business: fertilizers, industrial gases, industrial chemicals and gasoline additives. Three production locations, two sales offices and one warehouse.

  • Increased sales from $64 million to $150 million.
  • Completed major expansion projects including a $16 million urea plant, a $40 million ammonium nitrate, and a $92 million MTBE/methanol plant.
  • Optimized plant production by installing control systems utilizing cascading logic of process constraints.
  • Defeated a union organization attempt by 40% plurality.
  • Responsible for all sales, production and financial functions including P&L.

Vice President of Corporate Development and Administration (1986-1990)

Functioned as second in command with responsibility for growing the subsidiary and continuing the profitability restoration and improvement programs begun in prior position.

  • Areas of responsibility included distribution, accounting, credit, business development and industrial gas sales and number two in command.
  • Improved EBITDA from an annual loss of $1.5 million to a peak of $26 million.
  • Negotiated freight rates lower than the previous year for five consecutive years.
  • Negotiated natural gas contracts during the transition from regulation to deregulation that cut the cost of gas from $17 million to $7.6 million.
  • Negotiated electrical rates down from $.036 to $.029 per kilowatt-hour prior to deregulation.
  • Began major expansion and capital improvement projects to diversify the company and decrease costs. Dramatically improved environmental record. Cut plant waste by 70% and lowered cost.

Vice President, Carbon Dioxide Marketing (1985-1986)

  • Recruited to renegotiate contracts that were about to expire with customers threatening to go to the competition. In addition, the company had just completed a plant expansion but had no customers willing to take any of the product.
  • Renewed all contracts with original customers. Opened new markets in the Midwest and Northeast. Built a dry ice facility to take a portion of the expanded carbon dioxide capacity.
  • Increased sales from 72,000 tons to 124,000 tons per year.


Regional Operations Manager (1981-1985)

Promoted to manage nine locations, all labor contract negotiations and labor relations, product distribution, product supply, oil field sales and dry ice operations. Managed 14 production and distribution facilities covering a 16-state region.

Plant Manager (1980-1981)

Promoted to manage all phases of a production plant including P&L responsibility. Increased plant capacity by 61% in the 14 months as manager.


PAT. NO. Title


Method of Cyanide Salt Production

Patent pending in reducing consumption of sulfuric acid in alkylation.


MBA, Houston Baptist University, 1998
BS, Industrial Technology, Western Washington University, 1978
Seminars and short courses including:
          Acquisitions and Mergers, Dale Carnegie, Team Building, Labor Economics,
          and many others.


  • Member of the Fertilizer Institute, and the National Association of Corporate Directors.
  • Served on: Board of Directors of Cheyenne LEADS, an economic development organization; Nitrogen Fertilizer Industry Ad Hoc Committee in Washington, DC; Board of Directors of Wyoming Heritage Society, a pro business multiple-use of lands group that is active with the legislature; University of Wyoming EPSCoR Steering Committee that reviews projects for the National Science Foundation; Wyoming Governor's committee for evaluating State Employee compensation.