Rusnano and Alcoa to make nano-protected drill pipes for Russian oil sector

Rusnano and Alcoa to make nano-protected drill pipes for Russian oil sectorThe U.S.? Alcoa and Russia?s Rusnano have shaken hands on a Russia-based joint venture to manufacture aluminum drill pipes with protective nanocoatings.

Rusnano, Russia?s largest nanotech company, announced earlier this summer that it has inked a cooperation agreement with US-headquartered Alcoa, the world?s third largest aluminum producer and one of the most sizable manufacturers and suppliers of semi-finished aluminum products in Russia. The partners are expected to set up a joint venture and start making aluminum drill pipes with protective nanocoatings for Russian oil and gas customers. Using such nanocoatings is believed to be able to help perceptibly slow down tear and wear, and increase drill pipes? service life in highly corrosive environments by 30-40%. Alcoa?s Technical Center will be responsible for ensuring commercial introduction of the joint know-how. Under the terms of the agreement, the JV will operate on the premises of Alcoa?s Samara-based facility in the Lower Volga area. Rusnano Capital, a Rusnano subsidiary, was reported to be a co-investor in the project...