Titomic Limited (ASX: TTT) has announced a groundbreaking partnership with Woodside Energy (ASX: WDS) and Monadelphous Group (ASX: MND) to deploy its innovative technology in the Australian oil and gas sector.
In a first for the industry, Woodside Energy will utilise Titomic’s D523 System — a low-pressure cold spray system — at its North Rankin offshore gas platform in the Indian Ocean.
Monadelphous will facilitate the deployment of the system to combat corrosion at the remote site.
This marks the first on-site application of cold spray technology in the Australian oil and gas industry and Titomic’s inaugural foray into this sector.
The remote nature of many oil and gas operations makes Titomic’s on-site repair and limited disassembly capabilities highly compelling from a cost and time-efficiency perspective.
Research conducted by the Woodside FutureLab at Monash University has identified innovative applications of Titomic’s cold spray process for effective corrosion remediation and prevention.
This real-world implementation is a successful step in testing the technology’s corrosion resistance and repair capabilities for the oil and gas sector.
Herbert Koeck, Managing Director of Titomic, expressed enthusiasm about the partnership, stating: “We are thrilled to see our technology being recognised and implemented by industry leaders like Woodside Energy and Monadelphous. This partnership not only validates the effectiveness of our cold spray solutions but also opens the door to further opportunities in the oil and gas sector.”
Koeck further emphasised the significance of having two companies of this repute as Titomic’s first partners in the oil and gas sector, positioning the company to capitalise on the opportunities this
Titomic’s D523 System will be used to deposit corrosion-resistant materials like aluminium directly onto steel and other metals without heat and without structure disassembly, making the company’s cold spray technology particularly valuable to both Woodside and Monadelphous.
The order will be structured as a lease agreement, generating at least $50,000 in revenue for Titomic within the next 12 months.
While not significant in isolation, the successful implementation of cold spray in a remote oil and gas environment will generate significant positive exposure for Titomic and tangible evidence of the technology’s efficacy in such a globally significant sector.
Titomic’s cutting-edge technology brings together kinetic energy, supersonic speeds, and low temperatures to rapidly and reliably coat and repair parts, creating coatings with superior thickness, adhesion, density, conductivity, and corrosion resistance.
With applications in repair and restoration, sealing, corrosion protection, electrical conductivity, additive manufacturing, and special applications, Titomic’s innovative cold spray technology is poised to revolutionise the oil and gas industry and beyond.
