Vallourec Breaks Ground on Proxxima GDLX Insulation Line in Brazil

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Summary · why it matters

Vallourec broke ground on a new production line for Proxxima resin systems with Goldilocks subsea insulation technology, known as GDLX, at its Serra facility in Espírito Santo, Brazil. The milestone advances industrial deployment of the subsea thermal insulation technology licensed from ExxonMobil and reinforces Brazil's strategic role in the Group's global industrial strategy. The announcement was made during a visit by Philippe Guillemot, Chairman and CEO of Vallourec, who said the enhanced GDLX capabilities were instrumental in securing the Hammerhead and Longtail contracts, the largest line pipe orders ever secured by Vallourec. The technology has already been selected for ExxonMobil's Longtail deepwater project in Guyana, for which Vallourec will supply thermal insulated line pipes as part of its broader integrated offshore offering. Located close to the Port of Vitória, the Serra facility is positioned to serve domestic and export markets, and Andre Lacerda, Senior Vice President South America, Tube Activities, said the investment expands local capabilities and long-term commitment to Espírito Santo and Brazil's offshore industry.

Impact on stocks 2

Materials · 1 stocks
Vallourec
VK
▲ PositiveTechnologyDemandrelevance

Vallourec broke ground on a new Proxxima GDLX subsea insulation production line in Brazil, advancing deployment of its licensed thermal insulation technology.

Energy Transition & Power Demand · 1 stocks
Exxon Mobil Corp
XOM
▲ PositiveDemandrelevance

ExxonMobil's Longtail deepwater project in Guyana selected Vallourec's GDLX thermal insulated line pipes, and the technology is licensed from ExxonMobil.