Nanotech lands first major order from Pemex

Industrial Nanotech, Inc., an emerging global leader in nanotechnology based energy saving solutions, has announced that the company has received its first major order for Pemex, the Mexican state-owned petroleum company.

The order is for approximately US$ 153 700 of two of the company's industrial thermal insulation products; Nansulate High Heat thermal insulation and corrosion prevention coating and Nansulate EPX thermal insulation and chemical and flame resistant coating. Nansulate will be delivered to the job site by 30 April, 2014 and will be used on a pipeline project. Both products perform well in harsh outdoor severe service environments. This is the first and smallest of the near term projects pending for the Company with Pemex.

Francesca Crolley Vice President of Business Development for Industrial Nanotech, Inc. stated, "We began working with Pemex in 2009 to educate their engineers, specifiers, approved contractors, and technical executives on the well-documented energy saving benefits of Nansulate and its unique ability to be applied easily and cost effectively and to withstand the severe service environments prevalent in the oil and gas industry without degradation or failure of effectiveness. We appreciate the time and effort invested by our research partners, Pemex staff, and our dedicated and persistent team in Mexico for all the hard work that has led to this success."

Crolley continued, "We have reason to believe that this project, combined with our recent success with China Petroleum and Chemical Corporation (Sinopec) on an offshore drilling rig to replace outdated rock wool insulation, with Enap Sipetrol on an oil pipeline on an offshore drilling platform in Argentina, and with Galp Energia, the Portuguese oil & gas company, on two projects over an oil and gas pipeline and four large fuel oil storage tanks, which totaled over US$ 243 000 worth of product, marks the beginning of a rapid expansion of our sales to the oil and gas industry in the US and internationally."

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/15042014/nanotech_lands_first_major_order_from_pemex/