Specialty materials company,
), 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
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
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
Northern Technologies International Corp.
The Dow Chemical Co.
). While Northern Technologies and Methanex hold a Zacks Rank #1
(Strong Buy), Dow carries a Zacks Rank #2 (Buy).
CELANESE CP-A (CE): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
NORTHERN TECH (NTIC): Free Stock Analysis
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