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ACS Australia to manufacture, market composite pipe repair system

23 March 2016

Petronas Technology Ventures Sdn Bhd has signed 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 the Kuala Lumpur Convention Centre - see picture above [l-r: Dr Paul Falzon – General Manager, ACS Australia; Prof. Murray Scott – Managing Director, ACS Australia; Tuan Haji Zakaria Kasah – Chairman, PETRONAS Technology Ventures; Tuan Haji Zaimizi Hamdani – CEO, PETRONAS Technology Ventures]

Says PTVSB Chairman, Encik Zakaria Kasah, “This advanced composite solution provides PETRONAS with another tool in tackling our challenging and difficult oil environment. With the uncertainties in the current oil market, the ProAssure™ Clamp provides us the comfort of cost benefits offered by the customisable clamp solution, and avoidance of costly shutdowns.”

“I am confident that our appointed licensee, ACS Australia, will be able to catch the first opportunities in the market and be a pacesetter with this unique composite solution in addressing issues on pipeline integrity.”

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 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. ProAssure™ Clamp was successfully piloted in PETRONAS’ Kerteh facility in August 2015 and would now be available worldwide.

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.

Issued:
23/03/2016

Media Contact Details::
PETRONAS
Julia Jaafar Manap
Phone: +60 3 2331 1382
Email: juliajm[at]petronas.com.my
CRC-ACS
Murray Scott
Phone: +61 419 339 965
Email: m.scott[at]crc-acs.com.au
ACS AUSTRALIA
Paul Falzon
Phone: +61 412 643 275
Email: p.falzon[at]acs-aus.com