CoatAlloy coatings for tubes and fittings help reduce coking in ethylene furnaces
EDMONTON, ALBERTA, CANADA - Surface Engineered Products Corp., a subsidiary of The Westaim Corporation, today announced the signing of an order for CoatAlloyTM coatings for a furnace re-tube with Westlake Petrochemicals Corporation, a large ethylene producer.
“We are coating more than 7,500 feet of tubes and fittings for Westlake, our largest order ever,” said Ted Redmond, President of Surface Engineered Products Corp. “Westlake is the third ethylene producer to re-order our CoatAlloyTM coatings for a furnace re-tube, and is the first of several customers that we expect repeat orders from in the coming year.”
“We placed this second order based upon the favorable assessment of the financial benefits of the coated furnace tubes that have been in service since the spring of 1999 and that we are currently testing,” said John Yoars, Senior Vice-President Olefins, Westlake Chemicals. “The performance guarantee provided by Westaim was a factor in our decision. Surface Engineered Products’ commitment to the success of their product provided a win-win relationship.”
Surface Engineered Products develops, manufactures and markets proprietary products and services which reduce operating costs and increase productivity in high-severity operating environments found in the petrochemical and other process industries. Its first coating product, sold under the brand CoatAlloyTM, targets the ethylene industry, which loses $2 billion in annual production due to the build-up of coke (carbon) in ethylene furnace tubes.
CoatAlloyTM coatings for tubes and fittings reduce the rate of coking in ethylene pyrolysis furnace tubes by up to 90 per cent and increase the throughput of ethylene plants by 2 to 8 per cent, leading to lower unit-production costs and increased profitability for ethylene producers.
The Westaim Corporation specializes in launching high-potential technologies into the marketplace. In addition to Surface Engineered Products, Westaim’s other technology businesses include: Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds; and Westaim Advanced Display Technologies Inc., which is developing a revolutionary low-cost flat panel display. Westaim also operates three industrial businesses, which produce aerospace materials, coin blanks and chemical products. A TSE 300 company, Westaim’s common shares are listed on The Toronto under the trading symbol WED.
-30-
*CoatAlloy is a trademark of Surface Engineered Products Corp.
For more information, contact:
Tony Johnston
Senior Vice President, Corporate Affairs
(403) 234-3103
tjohnsto@westaim.com
website: www.westaim.com
e-mail: info@westaim.com
|