The subsea segment of the oil and gas industry is the by far the fastest growing industry in the world today. The global turnover is expected to grow by 30% from today towards 2011. This creates opportunites for companies that are not part of this booming oil anmd gas industry today..

Canadian oil production comes mainly from three different sources: the Western Canada Sedimentary Basin; the oil sands deposits of northern Alberta; and offshore fields.

Corrosion is a very serious issue in oil and gas companies who are into oil exploration by means of platforms. The damage due to corrosion sometimes accounts to thousands of dollars. For this reason, major metallic equipments and parts must be protected from corrosion resistance.

Although commonly used methods of corrosion protection viz hot dip galvanized , molycote , cadmium plating are there over years in the market , a demand and requirements Is there for a superior high performance coating for specific applications and saline water resistance where all the traditional methods tend to fail. Here emerges the market for Fluoropolymer / PTFE coated fasteners and equipments which represents an innovative alternative.