CALGARY, Alberta, June 14 /PRNewswire/ -- Aspen Aerogels, the
Massachusetts-based developer of the nanotechnology-enabled aerogel
blankets, announced today that it would invest heavily in the Oil Sands
market, beginning with a new laboratory in Edmonton, set to open in August.
"The Oil Sands represents a significant opportunity for Aspen, one that we
estimate will represent a $75MM market within a five year time frame," said
Don Young, Aspen Aerogels CEO.
"Our aerogel blanket is perfectly suited for the Oil Sands," said
Young. "Aspen's aerogel blanket is superior from a thermal conductivity
standpoint when compared to traditional materials currently in use, and
typically results in the reduction of installation labor and operating
"We have already shipped a number of significant orders to the Oil
Sands market since launching our marketing campaign in January 2006," said
Marc Lebel, Vice President of Sales & Marketing for Aspen. "With our new
production facility in East Providence, Rhode Island coming online this
fall, we will be able to easily keep up with the strong demand anticipated
from planned Oil Sands projects."
Aspen's first shipments of Pyrogel(TM) 6350 are currently being
installed on the high pressure steam lines associated with a major Steam
Assisted Gravity Drainage (SAGD) project, currently under construction.
Aspen specially designed this grade for use in the rugged Oil Sands
The R-value per inch of the Aspen aerogel blanket is four to six times
greater than conventional types of insulation. On the steam lines in
question, the use of Aspen's aerogel blankets has resulted in a 3-inch
reduction in the insulation thickness. The reduction in insulated pipe
circumference typically creates dual benefits:
* Reduction in heat loss equal to up to 30% at equal touch temperatures
* Reduction in the size of the pipe rack needed to carry the pipelines of
up to 55%
The cost advantages made possible using aerogel blankets begin even
before their installation because the cost of shipping and staging the
blankets is reduced by as much as 85%. One truckload of Aspen's aerogel
blanket can insulate the equivalent of seven or more truckloads of
conventional types of insulation. This allows fewer inbound shipments to
lay down areas, and therefore results in fewer runs between the staging
area and installation sites. The installation of Aspen's aerogel blankets
is also very straightforward, which means that apprentice labor can be used
more efficiently on a given job. Finally, the number of man-hours per meter
of insulation installed can be cut by nearly 50%. This is a significant
advantage in areas where the supply of labor is an issue, such as in the
Oil Sands market.
Aspen's aerogel blankets have been in use in the Oil and Gas industry
since 2004. A partial list of Aspen's oil and gas customers include, Total,
ExxonMobil, Shell, ConocoPhillips, Murphy Oil, Stat Oil, Hydro, Devon
Canada, Technip and Saipem.
About Aspen Aerogels, Inc.
Headquartered in Northborough, MA, USA, with branch offices worldwide
including Edmonton, Aspen Aerogels supplies nanotechnology-enabled aerogel
products with insulating properties that outperform traditional materials
by two to eight times. Unlike other aerogel material providers, Aspen
delivers the thermal and acoustic performance of aerogels in a ready-to-use
blanket infused with silica nanostructures. This blanket format makes it
easy for Aspen customers to conserve energy and save money in oil and gas
recovery, LNG shipping and storage, apparel, military, aerospace and
energy-related applications. In addition, Aspen is actively developing
applications in the building/construction, automotive and fuel cell
Global Petroleum Show Booth #7503 (Hall D)
SOURCE Aspen Aerogels