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

People & Company News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Contracts

Bestobell Bags HHI's Valve Order

Bestobell Marine, a world leading supplier of cryogenic valves for ships, has won a major new order from Hyundai Heavy Industries (HHI) in South Korea to supply valves for two new vessels.

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Fjords Processing Bags Johan Sverdrup Contracts

Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea.

Energy

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

CNOOC Acquires Asia's 1st LNG Powered Tug

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

Coatings & Corrosion

PPG Debuts New Antifoulings

Low-friction, self-lubricating coatings use patented technology to deliver reduced fuel consumption and improved tolerance to idle time.   PPG Protective and

UK Navy’s Ice Patrol Ship Gets a New Coating

U.K. Royal Navy Ice Patrol Ship HMS Protector is deployed on operations for 330 days a year, mostly in the Antarctic region, making it essential that her underwater

Jotun to Update Performance Guarantees

The 17 National Standardization Bodies represented on ISO’s Marine Environment Protection Sub-committee (ISO-TC8-SC2) has voted in favor of circulating ISO 19030

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1921 sec (5 req/sec)