Oil & Gas Industry (extracts from NACE Study)
(Including Exploration & Production)
Annual direct corrosion costs are determined to be about $1.4 billion, with $0.6 billion attributed to surface piping and facility costs, $0.5 billion to downhole tubing, and $0.3 billion to capital expenditures related to corrosion.
Chemical Industry (extracts from NACE Study)
(Including Petrochemical & Pharmaceutical)
Annual direct corrosion costs total $1.7 billion for this sector (8% of capital expenditures), not including corrosion costs related to operation and maintenance.
The total for these industries is $3.1 billion. Within this staggering figure are millions of components of every description made from from Iron and Steel and all need protection for corrosion.
Now AquaArmor can be the solution for the corrosion of Iron and Steel. It's proven, Environment Friendly, and cost effective.
All product types and sizes can be coated.
- Hardware
- Flanges
- Poles, Pipes and Tubes
- Elbows & Fittings
- Clamps
- Rivets
- Cabinets
- Grids
Cost of Corrosion Study: Gas Industry
Cost of Corrosion Study: Liquid Gas Pipelines
