Specialty materials company, Celanese Corporation ( CE), has signed a multi-year strategic supply agreement with global spoolable thermoplastic composite pipe systems supplier, Airborne Oil & Gas B.V., for development and supply of composite materials for deepwater thermoplastic composite pipe systems.
This strategic alliance intends to improve materials, systems and solutions that will meet the oil and gas industry’s requirements for harsh deepwater operations. Airborne’s expertise in offshore thermoplastic composite pipe systems coupled with Celanese’s competence in producing high-performance thermoplastic composites will develop the right material solutions.
The agreement testifies Celanese’s commitment to meet the needs of the oil and gas industry by supplying numerous, fully qualified engineered materials as well as support its future developments.
Celanese also ensures efficient offshore operations through engineered materials used in thermoplastic composite pipes. For this, it uses flexible pipeline systems from Airborne that incorporate Celstran CFR-TP (continuous fiber reinforced thermoplastic) composite technologies, which are apt for use in flowlines, downlines, jumpers, intervention lines, risers and other offshore pipe systems.
Airborne’s durable, spoolable, lightweight composite pipe systems are designed with high mechanical strength to combat extremely high pressures and tensile loads of deep-sea offshore operations. It also provides an excellent chemical stability with very good resistance to avoid fatigue, aging and permeation. This pipe system is stronger than the existing one and it reduces operational cost because it allows faster and easier deployment.
Celstran CFR-TP technology offers a wide range of matrix materials available in the composites industry and several reinforcing fiber options. It can be custom-made to meet specific dimensional and application requirements for robust, lightweight and corrosion-resistant parts.
Celanese currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering include Northern Technologies International Corp. ( NTIC), Methanex Corp. ( MEOH) and The Dow Chemical Co. ( DOW). While Northern Technologies and Methanex hold a Zacks Rank #1 (Strong Buy), Dow carries a Zacks Rank #2 (Buy).