AXION Offers Oil & Gas Drillers Sustainable & Reusable STRUXURE Boards for Perimeter Berming
June 25, 2013 (Source: Marketwired) — AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled plastic and plastic composite technologies used to produce ECOTRAX® rail ties and STRUXURE® building products, today announced the latest application of its infrastructure-grade patented building materials for the oil and gas industry — STRUXURE® Curbing Boards which are used to install drill site liners that protect the environment at drilling sites.
AXION has received three purchase orders to date for the new product from Max Energy Services, a division of Max Environmental which is located in the center of the Marcellus Shale natural gas region and provides environmental and waste management services to energy companies. Max Environmental is providing the curbing boards to Pennsylvania based Rice Energy, a natural gas exploration and production company. Max Environmental also sells and rents other AXION products to the oil and gas industry including STRUXTURE® Construction Mats to Midstream oil and natural gas companies.
Rice Energy will use AXION’s STRUXURE® Curbing Boards as a perimeter berm around high-density polyethylene (HDPE) liners to prevent contaminants from leaving the drilling site. Oil and gas drillers protect the environment immediately surrounding the drill site by laying down HDPE liners to contain oil, gas and other liquids coming out of wells. Traditionally, drilling sites have been protected using a variety of berming materials including creosote coated wood railroad ties or porous molded foam materials.
STRUXURE® Curbing Boards’ benefits over wood and foam are both financial and environmental. Wood and foam based products deteriorate at an accelerated rate when wrapped in HDPE liners with high temperatures, moisture and no access to air. STRUXURE® Curbing Boards are impervious to moisture and have a significantly longer life cycle than wood products. Wood and foam products also absorb and release chemicals from drilling sites, creating challenges in transporting and disposing of them after the drill site is disassembled. STRUXURE® Curbing Boards do not absorb or release chemicals, making them a more environmentally friendly choice and reusable on site after site.
AXION uniquely offers the oil and gas industry a closed-loop environmentally friendly solution that reduces the carbon and waste footprint of their operations. HDPE liners used in drilling are typically placed in landfills at the end of their useful life. Millions of tons of synthetic liners are placed in landfills each year across the U.S. AXION is now diverting these HDPE liners out of the waste stream and using them as raw material to make STRUXURE® products including curbing boards.
AXION is expanding its product line to serve the growing oil and gas production industry to include STRUXURE® Rig Mats and STRUXURE® Drilling Pads, which are currently being developed and are slated for launch later in 2013. AXION products for pipelines include STRUXURE® Pipe Supports and STRUXURE® Construction Mats, which have already been purchased by several pipeline operators.
Get our daily investorintel update
Max Environmental’s Vice President of Sales for Energy Services, Chris Morgan, commented, “The energy industry has a great interest in sustainable products with longer life cycles that minimize the industry’s impact on the environment. AXION’s products offer a very compelling value proposition with the huge added benefit of environmental sustainability. STRUXURE® Curbing Boards are a great alternative to traditional wood and foam products and we think we’ll be providing a lot of them to drillers across the U.S.”
“The energy industry is a high priority end-use segment for AXION. The value proposition of our products is very clear for this industry which has a great interest in sustainable materials and makes purchase decisions quickly. We’ve aligned ourselves with distributors who are selling AXION products into their installed base of oil and gas industry customers,” stated Dave Crane, Executive Vice President Building Products for AXION.
“Our team has done a fantastic job of identifying markets outside of our core rail business, where our composite infrastructure grade building materials uniquely create value for customers. Our new products use our current molds and machinery, thus minimizing any additional costs associated with new product introductions,” added AXION President and CEO Steve Silverman.
About AXION International Holdings, Inc.
AXION (OTCQB: AXIH) is green technology company, transforming waste plastics into structural building materials. Using 100%-recycled consumer and industrial plastics, AXION develops, markets and sells its recycled structural composite products through its ECOTRAX® composite railtie and STRUXURE® building material lines. From the railroading industry to the military to global engineering firms, AXION delivers tested, proven and superior green solutions to infrastructure needs around the world.
This release contains “forward-looking statements” for purposes of the Securities and Exchange Commission’s “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause AXION’s actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in AXION’s filings with the Securities and Exchange Commission.
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.