Abakan Inc., provider of advanced coatings and metal formulations, has announced the incorporation of a new subsidiary, MesoCoat Coating Services Inc. (MCS), to provide thermal spray coating services using its multiple award-winning nanocomposite PComPTM coating materials to improve component longevity and to combat corrosion and wear in the oil and gas industry.
MCS will provide wear- and corrosion-resistant coating application services utilising conventional thermal spray powders, as well as proprietary PComP nanostructured coating materials.
Plans to expand operations in Ohio
MCS already has a fully functional thermal spray coating facility with one coating cell in Euclid, Ohio, and plans to expand operations with the addition of two thermal spray coating cells and other surface preparation and finishing equipment for larger components that will be capable of handling 40 ft components.
MesoCoat is currently expanding its PComP powder production capacity six fold to 30 tpy, and expects to expand it further in early 2014 to 160 tpy; spearheaded by increasing demand from oilfield equipment manufacturers and other original equipment manufacturers (OEMs). The significant interest in PComP materials has led to more than six months' worth of back orders.
Epicentres of oil and gas
"With the increased development of the Utica and Marcellus shales; Pennsylvania, Ohio and other mid-western states have become key epicentres of oil and gas exploration and production," said Andrew Sherman, CEO of MCS. "The companies operating in these plays need a regional partner for timely repair and refurbishment of critical equipment. Currently, drills and other exploration components in need of replacement need to be shipped to Houston, creating delays that lead to expensive downtime."
"The global US$ 32 billion inorganic metal finishing market is in dire need of transformative materials and processes," said Curtis Glasgow, MesoCoat's GM of Component Manufacturing. "MCS will provide a local hub for longer-lasting coatings leading to reduced inventory and coating times, increased operational productivity, reduced losses, and additional local jobs."
The new company, which will be the largest independent coating services provider in the region, fills a huge need for the oil and gas industry in PA, OH and elsewhere in the Midwest, according to a company spokesperson.
Adapted from press release by Elizabeth Corner
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09082013/abakan_announces_incorporation_of_mesocoat_coating_services_inc/