NOV 2014 - IEV Oil & Gas Technologies, a wholly owned subsidiary of IEV Holdings Limited, in association with Oxifree, was awarded a corrosion control contract by NamConSon Pipeline which is a subsidiary of PetroVietnam Gas. IEV will carry out the corrosion prevention services for the bolts, nuts and flanges at the gas pipeline located at southern province of Ba Ria-Vung Tau, Vietnam. This is the fourth project awarded to IEV since it introduced the environmentally friendly anti-corrosion coating to the Vietnam market in 2013.
IEV is the representative for USA based- Oxifree Global LLC to market their organic thermoplastic corrosion control product to Vietnam, Malaysia and Brunei. The Oxifree TM198 is a sprayable polymeric resin coating for the protection of metallic components that meets and exceeds the expectation of corrosion prevention coatings. The cost-effective product contains active inhibitors which provide protection against many corrosive contaminants. The reusable product also complements the suite of maintenance utilized for oil and gas facilities rejuvenation.