Published: April 01, 2010
Nansulate Thermal Insulation and Asset Protection Coatings Offer Long-Term Solutions for Offshore Oil and Gas Platforms
NAPLES, Fla. - (BUSINESS WIRE) - Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanoscience energy saving solutions, reported today that the
Company's Nansulate Translucent PT thermal insulation and corrosion
resistant coating provides effective insulation and corrosion prevention
for oil pipelines in marine environments. Nansulate was used
effectively for protecting oil pipelines on a Sipetrol owned AM6
platform off the coast of Argentina. The product was applied to pipe
that transfers petroleum from the vertical separators to the connection
of the pumps that impulse the fluid to the AM3 platform. Nansulate
Translucent PT was applied in three coats for a total average thickness
of 350 microns. Surface temperature of pipeline was measured to
determine reduction of heat loss from petroleum products. Prior to
application, the average temperature of the pipeline exterior was 140F
(60C). With Nansulate PT the average temperature of the pipeline
exterior was 107.6F (42C), for a temperature reduction of 30%.
"Nansulate industrial coatings perform extremely well in the severe
marine environment of offshore platforms," stated Francesca Crolley,
V.P. Business Development for Industrial Nanotech, Inc. "The Sipetrol
application was done in 2005 and continues to be an excellent example of
the reason Nansulate technology was first envisioned - as a solution
for corrosion under insulation and to provide effective thermal
insulation that did not degrade over time due to moisture infiltration.
Nansulate coatings offer exceptional corrosion resistance combined with
powerful insulating ability in a clear coating that allows visual
inspection of the pipeline without need for expensive removal. The
water-based acrylic coatings have passed one of the more stringent
accelerated corrosion tests, the GM9540P, at 24 cycles with no red rust
present. The minimum for corrosion coatings is 8 cycles. They also have
been tested for CUI and thermal conductivity according to BP (British
Petroleum) standards for pipelines and are rated Class A for flame
spread (ASTM E84)."
Photos and case study information on the Sipetrol application can be
found at: http://www.nansulate.com/green_projects_offshoreplatform.htm.
The GM9540P accelerated corrosion test details and pictures can be found
at: http://www.nansulate.com/corrosion_prevention_data.htm
Sipetrol, a private division of ENAP, a global oil and resource based
company with 2009 consolidated revenues of just over $7 billion dollars
US, is owned by the Chilean Government. The company's main activity is
exploring, exploiting and marketing of hydrocarbons and its derivatives.
ENAP has the following subsidiaries: ENAP RefinerÃas S.A., ENAP Sipetrol
S.A., Petro Servicio Corp. S.A. and Gas de Chile S.A. and also has
branches in Argentina and Ecuador.
About
Nansulate(R)
Nansulate(R) is the Company's patented product line of award winning,
specialty coatings containing a nanotechnology based material and which
are well-documented to provide the combined performance qualities of
thermal insulation, corrosion prevention, resistance to mold growth,
fire resistance, chemical resistance and lead encapsulation in an
environmentally safe, water-based, coating formulation. The Nansulate(R)
Product Line includes industrial,
residential,
agricultural
and solar
thermal insulation coatings. Additional information about the
Company and its products can be found at their websites, (www.industrial-nanotech.com)
and (www.nansulate.com).
Blog: www.nansulate.com/nanoblog,
Twitter: www.twitter.com/NanoPioneer.
About
Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research
leader and member of the U.S. Greenbuilding Council and the American
Solar Energy Society. The Company develops and commercializes new and
innovative applications for nanotechnology which are sold worldwide.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This release includes forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties including, but
not limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.
For Industrial Nanotech, Inc.
The Cervelle Group, LLC
Investor
Relations:
Rob Karbowsky, 407-614-5959, ext. 227
rob@thecervellegroup.com
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