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NanoXplore Announces Supply Contract with Chevron Phillips Chemical [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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US:NYSE Investor Relations: chevron.com/investors
OTCQX: NNXPF), a world-leading graphene company, is pleased to announce that it has entered into a significant supply agreement with Chevron Phillips Chemical (CPChem). This multi-year supply contract is to provide Tribograf™, a proprietary carbon product produced in NanoXplore's graphene production facility in Montreal, Canada. Drilling Specialties, a division of CPChem, alongside NanoXplore, developed and tested formulations based on Tribograf™ for use as a lubricant in oil and gas drilling fluids. This lubricant is trademarked as NanoSlide™ and is currently commercial, with very successful customer feedback and production orders underway. Tribograf™ enables superior lubrication properties, as expected from high-aspect ratio graphene, and unlike typical graphene products, it doesn't cause flow restriction. For example, NanoSlide™ has been used in some of the most challenging geological formations like tight oil reservoirs, low permeability, low porosity and on extended reach lat
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