Industry News

ShawCor announces contracts to provide pipeline coating services for two Kinder Morgan pipeline projects and the purchase of additional land in Camrose, Alberta

Published on 2006-07-07. Author : SpecialChem

ShawCor Ltd. (TSX: SCL.A, SCL.B) announced that its subsidiary, Shaw Pipe Protection Ltd., has received contracts with a total value in excess of $30 million to provide anti-corrosion coatings and pipe handling for double jointing along with load in and load out services for the Kinder Morgan Corridor Pipeline Project and Phase I of the Trans Mountain TMX Expansion. The pipe will be coated with fusion bond epoxy (FBE) at Shaw Pipe Protection's Camrose, Alberta facilities and includes a total of 639 km of pipe in 30", 36" and 42" diameters.

ShawCor has also announced that it has purchased a 130 acre site in Camrose, Alberta. The Camrose property is zoned for industrial use with excellent rail and truck access and is located close to Shaw Pipe Protection's existing large diameter pipe coating facility. The new land will be utilized to accommodate a double joint welding facility and to expand pipe storage capacity required for the Corridor and TMX Pipeline Projects and other projects either under contract or anticipated in the future.

Shaw Pipe Protection is working actively to anticipate market requirements for new, high performance pipe coatings and to provide the additional land required to expand pipe coating capacity to meet the future needs of the oil and gas industry in Western Canada. Shaw Pipe Protection's High Performance Composite Coatings (HPCC) and proprietary, high-temperature insulation coatings will provide energy industry customers with the performance capabilities necessary to serve the increased production of bitumen and synthetic crude oil in the Alberta tar sands.

ShawCor Ltd. is a growth-oriented, global energy services company that operates through six divisions which focus on technology-based products and services for the pipeline and pipe services and the petrochemical and industrial markets with manufacturing and service facilities located in over twenty countries around the world.

Shaw Pipe Protection is part of Bredero Shaw, ShawCor's largest division, which is the global leader in pipe coating solutions and employs approximately 4,000 permanent and contract personnel located at offices and facilities in fifteen countries. The division provides specialized coating systems and related services for corrosion protection, insulation and weight coating applications on land and marine pipelines including highly engineered corrosion and insulation systems for deepwater applications.

Source: ShawCor Ltd.

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