This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Celanese And Airborne Oil & Gas Sign Strategic Supply Agreement For Deepwater Thermoplastic Composite Pipes

Celanese Corporation (NYSE:CE), a global technology and specialty materials company, and Airborne Oil & Gas B.V., the leading, global supplier of spoolable thermoplastic composite pipe systems for deepwater offshore operations, today announced the signing of a strategic supply agreement for the development and supply of composite materials for these pipe systems.

“This multi-year alliance promises to further improve materials, systems and solutions that will meet the oil and gas industry requirements for harsh deepwater operations,” said Marcus Kremers, chief technology officer, Airborne. “Together, Airborne, with its expertise in offshore thermoplastic composite pipe systems, and Celanese, a leading global producer of high-performance thermoplastic composites, will be able to drive the development of the right material solutions. This strategic alliance is an important milestone in achieving a robust supply chain, ready for scaling up.”

Added Michael Ruby, global composites business manager for Celanese, “Our multi-year supply agreement demonstrates the Celanese commitment to meeting the needs of the oil and gas industry and supporting future developments. This agreement will ensure a supply of numerous, fully qualified engineered materials that can meet the demand for oil and gas pipes.”

Celanese is playing an important role in helping to ensure efficient offshore operations via engineered materials used in thermoplastic composite pipe. A good example is the flexible pipeline system from Airborne that incorporate Celstran® CFR-TP (continuous fiber reinforced thermoplastic) composite technologies, which are suitable for use in flowlines, downlines, jumpers, intervention lines, risers and other offshore pipe systems.

The durable, spoolable, lightweight composite pipe systems designed and manufactured by Airborne have high mechanical strength to withstand the extremely high pressures and tensile loads of deep-sea offshore operations and combine an excellent chemical stability with very good resistance to fatigue, aging and permeation. They are more robust than existing pipe systems used in the offshore industry and reduce operational cost because of faster and easier deployment. The absence of corrosion reduces maintenance costs and the smooth inner bore improves the pressure performance. These pipes are made in a fully automated manufacturing process and can be made up to several kilometers of length in one product. This unique technology has won several innovation awards, including the JEC Europe 2012 Innovation Award.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $93.70 0.00%
FB $101.91 0.00%
GOOG $683.11 0.00%
TSLA $150.47 0.00%
YHOO $26.76 0.00%

Markets

Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs