In an effort to grow the composite manufacturing cluster in Rhode Island, a $125,000 federal grant was recently given by the U.S. Economic Development Administration (EDA) to the Rhode Island Marine Traders Association.
According to CARBO, this technology results in higher production and estimated ultimate recovery (EUR), maximizing the operator’s return on investment.
August 1, 2017
CARBO Ceramics Inc. recently announced that its KRYPTOSPHERE® HD has been used by all of the leading six (super major) oil and gas exploration and production companies (E&Ps) operating in the Gulf of Mexico, for deep, high-stress wells.
Increasing production of composites-rich commercial and regional aircraft, along with the development of new composite applications in different industries, are major growth drivers for the testing market in the composites industry.
July 26, 2017
The global composites testing market was reportedly valued at $1.2 billion in 2016 and is projected to witness a compound annual growth rate (CAGR) of 7.2% over the next five years to reach $1.9 billion in 2022.