Feb 1 2011
Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that its subsidiary, The Bayou Companies LLC (“Bayou”), has been awarded a contract with Air Products and Chemicals, Inc., the world’s largest hydrogen producer.
Under this contract, Bayou will provide corrosion coating, concrete weight coating, double joint welding and logistic support on over 180 miles of 18-inch steel pipe for use on a new hydrogen pipeline in the Gulf Coast.
It is expected that Bayou will begin work on the project by the end of the first quarter 2011 and continue work on the project through the end of the third quarter 2011. It is expected that the pipeline will be in service in 2012.
Jerry Shea, President of The Bayou Companies, said, “We are pleased to work with Air Products on this significant project. With high-quality coating capabilities, over 280 acres of storage, access to rail, truck and barge loading or unloading and extensive experience in welding, Bayou is committed to the successful completion of this project.”
Bayou has worked on several projects for Air Products since 2007.
Source: http://www.insituform.com/