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Howco Group Press Release |
New High-Strength Corrosion-Resistant Alloy Now
Available from HOWCO
INCOLOY® Alloy 945 Uniquely Suited to Oil and Gas Applications
HOUSTON, June 11 -- HOWCO Group, a global supplier of hi-tech materials
to the oilfield services industry, has added a new corrosion-resistant
alloy (CRA) to its family of CRAs.
INCOLOY(R) alloy 945 will be especially useful in sour well drilling and
deep water drilling projects. The new alloy is suitable for applications
requiring high strength (125 minimum yield) and corrosion resistance in
extreme conditions.
INCOLOY(R) alloy 945 has superior corrosion resistance to alloy 718, and
it was developed specifically for use in harsh environments with extreme
heat and pressure. It is a specialized nickel hybrid of alloy 925 and
alloy 718. It offers the best of both alloys -- higher strength
capability and excellent corrosion-resistance.
INCOLOY(R) alloy 945 is NACE MR0175/ISO-15156-3 approved for use in oil
and gas applications up to NACE level VI.
"The drilling and exploration industry will welcome this new alloy when
they see its dramatic capabilities in the field," said Cliff Swift, Vice
President of Sales and Marketing for North America, HOWCO Group. "Real
world experience tells us this is an important step forward."
Special Metals Corporation, the developer of the new alloy, and HOWCO
Group have a complete range of bar, ingot, billet and heavy wall
mechanical tube products in supply, and are prepared to meet demand and
support a fast entry into the oil and gas arena.
"We are fortunate to be aligned with Special Metals and we are ready to
meet the needs of our oil and gas customers," said Swift. "There is a
significant demand for stronger and more resistant materials for extreme
environments, and we are prepared to meet that demand."
The timely introduction of this new alloy could not have been more
appropriate given the current climate in the oil and gas sector.
Increased demand for energy is projected to continue over the next
decade. Strong oil and metals prices, increased exploration and
production in the oil and gas industry are certain to follow.
Technological advancement in deepwater drilling and intelligent well
systems that function in hostile environments, create more demand for
high nickel products. HOWCO has traditionally specialized in advanced
high-nickel materials.
HOWCO Group
HOWCO Group is a market leader in high performance metals. With 30%
market share, HOWCO is a leader in high nickel products for hostile
oil-producing environments (such as deepwater drilling) and is a global
supplier for oilfield service, focusing on supply chain management,
added value processing and manufacturing. With 14 locations, HOWCO
operates globally through subsidiaries in the U.S., Canada, Singapore,
Europe and the UK. For more information visit
www.howcogroup.com .
Special Metals Corporation
Special Metals Corporation is a world leader in the invention,
production and supply of high-nickel, high-performance alloys used for
the world's most technically demanding industries and applications.
Special Metals offers the largest range of highly engineered nickel
alloys in all standard mill forms providing optimum heat resistance,
high-temperature corrosion resistance, toughness, and strength. The
company has manufacturing and research facilities in the USA and Europe,
and a distribution network including most of the industrialized
countries of the world. For more information visit
www.specialmetals.com . |
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