MesoCoat Signs Dealwith Metallurgic Solutions

Marinelink.com
Monday, September 16, 2013

Abakan Inc. (OTCQB:ABKI), a leader in the advanced coatings and metal formulations markets, announced entry into the Mexican and Central American markets by signing an exclusive sales agent agreement with Metallurgic Solutions, S.A. de CV ("MetalSol") to introduce MesoCoat's products into Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, and Panama.

 

MetalSol will also assist MesoCoat in the establishment of production and service operations in Mexico for its PComP(TM) long-life metal coatings, CermaClad(TM) clad steel, and future products that are currently under development.
 


Abakan CEO, Robert Miller stated, "Growth in the Central American and Gulf of Mexico oil and gas and steel industries, coupled with significant business reforms and the commitment to after highly corrosive oil and gas projects offer significant growth opportunities for our advanced metallurgical products and services in Mexico. We are excited about our partnership with MetalSol's team which has extensive operating expertise in Mexico and Central America coupled with their vast network in the Oil and Gas, and Finance industries. Abakan is extremely pleased to work with partners like MetalSol that share our vision and commitment, and which bring the potential to accelerate the adoption rates and growth that we foresee in the near future."



Mexico is one of the ten largest oil producers in the world, the third-largest in the Western Hemisphere, making it ripe for companies manufacturing products and providing services to the Oil and Gas industry. Mexico is estimated to possess up to 27 billion barrels of oil in the deeper waters of the Gulf of Mexico (3 times Mexico's current total proven reserves), with a majority of these new reserves being sour (corrosive). Mexico also has one of the world's largest shale gas resource bases. According to an initial assessment of world  shale gas resources, Mexico has an estimated 681 tcf of technically recoverable shale gas resources (40 times their total proven reserves of conventional natural gas) the fourth largest of any country examined in the study by the US Energy Information Administration.



"We have been at the forefront of developing and adopting breakthrough technologies in the paper, and printing industries in Mexico; and with MetalSol we intend to do the same with the Mexican coating and cladding industry", said MetalSol CEO, Jose Maria Ribot Barroso. If  you look at Abakan's technology portfolio, you just know it, you can feel the impact, and you are immediately attracted to the breadth an value proposition of technologies that are being developed and commercialized including advanced coatings, clad steel, engineered reactive materials, high-strength light-weight composites, and several more. Mexico's oil and gas, shale, and steel industries are seeing exponential growth and Abakan's solutions that extend life of metals,reduce liability of oil and gas assets, and furthermore enable  efficient production from both conventional and unconventional energy sources, thereby adding significant value to the energy companies' bottom line making these solutions absolute winners."

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Contracts

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Viking Bags Charter Deal for AHTS Brage Viking

Viking Supply Ships has entered into a contract with an Oil major for the charter of “Brage Viking” commencing 1stof April 2015. The duration is for 2 years and 8 months firm,

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

Energy

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Austal Graduates 48 4-Yr Apprentices

Austal USA combined two classes to graduate a total of 48 members of Austal’s cutting-edge four-year apprenticeship program yesterday at a formal ceremony held at the Arthur R.

Mexico Unveils National Strategy ahead of Paris Climate Talks

Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1730 sec (6 req/sec)