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Airborne Oil & Gas welcomes Shell Technology Ventures as shareholder

News International-French

1 Dec 2014

The manufacturer of fully bonded composite pipe systems for offshore oil & gas, has added Shell Technology Ventures as investor and shareholder.

According to Eric van der Meer, CEO of Airborne Oil & Gas, Shell has a reputation for technology innovation and early adoption. Airborne Oil & Gas is qualified to supply hydrocarbon containing offshore Flowlines to Shell worldwide. Shell can accelerate the implementation of Airborne products across its large footprint in the industry.

Geert van de Wouw, Managing Director of Shell Technology Ventures, said that Airborne possesses a technology, with potentially game changing impact on the offshore industry. The ultra-lightweight, corrosion free pipe systems can significantly lower the costs of applications and enable new ones. The company is built on fundamental knowledge of all aspects of composites.

About Airborne Oil & Gas:
The company is an OEM that designs and manufactures fully-bonded thermoplastic composite pipe systems for the most demanding offshore oil & gas applications. Manufacturing takes place in a purpose built facility with direct sea access near Amsterdam, The Netherlands, via a patented production process. The pipe systems are substantially lighter than steel, and completely corrosion free. These properties provide solutions for a number of current industry issues, and enable new applications. Particularly for ultra-deep operations, beyond 2 km water depth, Airborne Oil & Gas technology promises to have significant impact.

About Shell Technology Ventures:
The company s is Shell’s venture capital unit. The fund was established in 2013, and aims to invest several hundred million dollar in promising technology companies in the coming years. It invests in companies in the worldwide energy sector with the aim to accelerate development and deployment of new technologies that complement Shell. To this end Shell Technology Ventures acts as investor and partner in commercialising promising technologies.

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