SOURCE: Iracore International Inc.
CALGARY, AB--(Marketwire - Aug 23, 2012) - Iracore International Inc. (Iracore) announced today the completion of a long-term agreement with Shell Canada Energy (Shell) for the supply of Iracore® lined pipe and fittings for use in the Alberta oil sands. The agreement covers a three-year period and provides Shell access to a number of Iracore's proprietary products and services for use at the Muskeg River and Jackpine oil sands mining projects.
"This is a significant milestone and validates Iracore as the premium supplier of lined pipe for the oil sands," said Rick Brouwer, President and CEO of Iracore. "We look forward to working closely with Shell to meet their very specific needs over the next three years and well into the future."
For more than a decade Iracore has been providing lined pipe solutions to the major oil sands mine developers in northern Alberta, having worked at developing and testing its proprietary urethanes and manufacturing processes to meet the severe operating conditions of the industry. Since proving its products, the company has forged relationships with all of the existing oil sands mining operators. Three of the four mines in Ft McMurray currently have agreements in place for the supply of Iracore® lined products.
Iracore is a developer, manufacturer, and applicator of elastomeric products designed to protect against corrosion, and abrasion. Based in Hibbing, Minnesota and with over 60 years of history, Iracore serves numerous industries including mining, oil and gas, aggregates, power generation, transportation and heavy equipment. The company operates from five locations: Ft McMurray, AB; Calgary, AB; Sudbury, ONT; Hibbing, MN; and Salt Lake City, UT.