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Petronas Technology Ventures Sdn Bhd signs a licensing agreement with Cooperative Research Centre for Advanced Composite Structures (CRC-ACS) and Advanced Composite Structures Australia Pty Ltd (ACS Australia), for the commercialisation of Petronas’ proprietary composite technology repair system known as ProAssure Clamp.
Under the arrangement, Petronas’ ProAssure Clamp will be manufactured and marketed worldwide by ACS Australia, the spin-out company of CRC-ACS.The agreement was formalised at a signing ceremony at the Offshore Technology Conference Asia 2016 in Kuala Lumpur Convention Centre.PTVSB Chairman, Hj Zakaria Kasah, said, “This advanced composite solution provides Petronas with the opportunity to execute a safe and cost effective leak repair at our facilities. In addition, the ProAssure Clamp is customisable and this provides more benefits in terms of cost as it enables leak repair to be performed without a costly shutdown.”ProAssure Clamp is a cost-effective composite repair solution for preventing or arresting leaks in pipelines. This advanced composite solution is not only lightweight but also resistant to corrosion and can be customised for odd geometries. The overall production cost is lower due to reduced fabrication time in comparison to its metal counterpart. In addition, composites are also more fatigue resistant and customisable, which can be especially beneficial for extreme operating conditions.CRC-ACS’s Chief Executive Officer, Prof. Murray Scott, said, “I am delighted to announce that these clamps will be engineered to meet specialised customer requirements by CRC-ACS spin-out company, ACS Australia. It is our intention for ACS Australia to work with Petronas and other Malaysian companies to make the ProAssure Clamps available to the industry.”The composite clamp system has been independently tested by a third party to meet oil and gas industry standards which include ISO, ISO/TS and ASME certified by Lloyd’s Register.The advantages offered by the ProAssure Clamp are in line with Petronas' effort to support sustainability and strengthen the Malaysian oil and gas industry’s competitive advantage by optimising costs, increasing efficiency and driving innovation.More information: www.petronas.com.my
Thanks to their corrosion and fatigue resistances, Composites are well known in Sea and Ocean environments. Marine sector is continuing to see innovations despite a subdued growth. Offshore...