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Industrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects
Industrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects.
About this update from Industrial Nanotech, Inc.
[{"type":"text","content":"\n \n \n Industrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects\n \n \nIndustrial Nanotech, Inc. Announces Two More Offshore Oil and Gas Platform Projects\n \n NAPLES, FL--(Marketwired - Dec 9, 2015) - Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology-based energy saving solutions, today announced that two more offshore oil and gas projects are currently underway with their patented Heat Shield™ EPX4 and High Heat temperature control coatings (TCC). In one project, the High Heat coating is being used for insulation and corrosion prevention on all the steam pipes to bring the surface temperatures to a safe touch level. The other project uses the EPX4 coating to insulate and reduce energy use on a reboiler and associated piping. \n The Company has previously completed two successful offshore platform projects. One on pipelines throughout an Enap-Sipetrol platform off the coast of Argentina, which showed an average temperature reduction, with just a 0.35 millimeter dry film thickness of the Nansulate® Translucent PT coating, from 140F (60C) to 107.6F (42C). The other project was on a fuel oil storage tank on a Sinopec platform in the East China Sea, which showed that just a 0.6 millimeter application of the High Heat coating provided a similar insulating performance -- within 3 degrees Celsius -- of 8 centimeters of rock wool covered with aluminum cladding, with the additional benefits of a longer lifespan, lower replacement costs, and prevention of corrosion under insulation (CUI).\n \"Servicing the unique needs of oil and gas companies has always been an important focus for our company,\" stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. \"They have multiple assets both onshore and offshore and, although the offshore environment can be extremely harsh, it is an environment for which our coatings were specifically designed to perform and are uniquely suited. They have proven themselves to be an excellent 'marine-proof' product with world-class corrosion resistance, UV protection, and moisture resistance, all while providing exceptional thermal insulation performance. According to the Baker Hughes International Rig Count for October 2015, the total number of world oil rigs was 2,086. Even though the global rig count has recently decl...