Seattle, WA (PRWEB) November 20, 2012
Hess, a leading independent energy company, has given the go-ahead to Modumetal to proceed to Phase II of an initiative to measure the effective capability of Modumetal’s nanolaminated alloys to enhance certain properties of steel that could have far-reaching implications in the oil & gas industry.
Modumetal, a Seattle-based firm which occupies a leadership role in the nanolaminated metal and coatings market, is embarking on a series of new collaborations and partnerships as it seeks to deepen its footprint in oil and gas markets.
“Modumetal is successful because the oil and gas industry sees our technology as innovative, and our team as responsive to focusing on providing solutions and opportunities to the industry. Our reputation continues to grow as we innovate and develop material technology and coatings that will increase performance, productivity and, ultimately, the bottom line for energy companies,” said Modumetal CEO, Christina Lomasney. “By using our patented technology for potential Hess applications in demanding and highly corrosive and punishing environments, we will even better prepare ourselves for full-scale entry in to this market segment.”
Hess Corporation is a leading global independent energy company engaged in the exploration for and production of crude oil and natural gas, as well as in refining and in marketing refined petroleum products, natural gas and electricity. More information on Hess Corporation is available at http://www.hess.com.
Modumetal, Inc. of Seattle, WA, is leading the commercialization of a unique, patented class of nanolaminated materials. These pioneering materials exemplify unprecedented performance for structural, corrosion, and high temperature applications. Modumetal is made by a sustainable electrochemical manufacturing approach, which reduces the cost and raw material consumption of conventional metals manufacturing at the same time that it revolutionizes materials performance. (http://www.modumetal.com).
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