Industrial Nanotech has announced the signing of the Al Samah Company as its exclusive distributor in the United Arab Emirates, one of the world's largest oil producers. Al Samah Company is headquartered in Abu Dhabi, the capital of the United Arab Emirates. The Al Samah Company has five locations and services many of the major oil producing countries.
Al Samah Company will be responsible for distributing Industrial Nanotech's line of Nansulate of products, including the Company's new Nansulate Wrap, for use on oil and gas pipelines. Nansulate Wrap was originally created based on requested specifications for a pipeline project from Petrobras, the government-owned Brazilian oil and gas giant. Recently, Industrial Nanotech received positive test confirmation of the product's thermal performance from a respected independent thermal testing laboratory.
Stuart Burchill, CEO of Industrial Nanotech, Inc., explains, "Nansulate Wrap is produced as sheets of waterproof, weatherproof, flexible thermal insulation which is thicker than our Nansulate line of thermally insulating corrosion resistant coatings is able to be applied. The exceptional thermal insulation capabilities of Nansulate Wrap, lower than any other conventional insulation we are aware of including polyurethane foam, makes it one of the best options for the oil and gas industry in the United Arab Emirates and other oil-producing countries around the world, as well as many additional industry sectors globally. In many cases, we believe the two products, our Nansulate coating and our Nansulate wrap, will be used in combination."
The UAE has huge proven oil reserves, estimated at 98.2 billion barrels (16 km3) in 1998, with gas reserves estimated at 5.8 km3. At present production rates, these supplies would last well over 150 years. In 2003, the UAE produced about 2.3 million barrels (370,000 m3) of oil per day-- of which Abu Dhabi produced approximately 85%--with Dubai, and Sharjah to a much lesser extent, producing the rest.
"Together with our new distributor, Al Samah Company, Industrial Nanotech has a tremendous opportunity to showcase forward-thinking solutions to the United Arab Emirates. From pipeline work to tankers, oil platforms, and existing refineries, our line of Nansulate products has much to offer these countries," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc.