Solvay has announced about signing of an agreement with Baker Hughes for partnering on innovative solutions implementing Thermoplastic Composite Materials in offshore flexible pipes and risers for the oil and gas industry. This collaboration will surely help Solvay in accelerating the adoption of composite technology in the oil and gas industry. Thermoplastic composites are enabling the adoption of flexible risers for ultra-deep water while requiring lower total expenditure than conventional technologies.
“It’s a privilege to work with one of the world’s leading energy technology companies. Our collaboration with Baker Hughes is a landmark in our strategy to expand the use of thermoplastic composites into new markets, leveraging its lightweight and non-corrodible properties versus metal,” said Augusto DiDonfrancesco, member of Solvay’s executive committee.
Andrea Fibbi, Technology Executive, Oilfield Equipment, Baker Hughes said: “We believe this partnership with Solvay will accelerate the introduction of non-metallic materials in the energy industry at a time where we are increasing our focus on reduced cost and improved efficiencies.”