Industrial Nanotech has signed an agreement with Qatar Nanotechnology to operate as the sole distributor in Qatar for Industrial Nanotech’s Nansulate thermal insulation and protective coatings. QN distributes and services nanotechnology based systems to customers in Qatar and the Gulf area.
According to Francesca Crolley, vice president of Business Development at Industrial Nanotech, QN will deploy Nansulate coating systems within its 19 business houses, which range from cleaning to construction. The solutions will also be applicable in the oil, gas, refining and petrochemicals sectors.
Qatar has 15 billion barrel oil reserves, which will offer sustained yield at current levels for the coming 37 years. The reserves of natural gas measure more than 25 trillion cubic meters, constituting about 14% of the global yield. The country’s economy has grown by 19.40% annually. The growth rate has been fueled by the current LNG, oil, and petrochemicals production and export increases.