Founder Specialty
Founder
Specialty RTP
The startup develops thermoplastic products that enhance production rates for offshore and onshore operations while minimizing capital and operating costs. Their solutions enable clients to optimize asset utilization and improve profitability in mature reservoirs without compromising safety.
- Industrial Automation
- Manufacturing / Industry 4.0
Updated 3 days ago
Funding
Raised to date
$5.4MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Operators in the oil and gas industry face challenges related to corrosion, high costs, and slow installation times when using traditional steel piping for both onshore and offshore applications. These issues can lead to increased capital expenditure, higher maintenance costs, and potential safety risks, especially in severe environments with high H₂S, CO₂, temperatures, and corrosive fluids.
Solution
Specialty RTP provides reinforced thermoplastic pipe (SRTP) solutions designed to overcome the limitations of steel pipes in oil and gas operations. Their SRTP pipe is constructed with an inner liner of engineered polymers resistant to harsh oilfield environments, a reinforcement layer of aramid fibers for high strength and fatigue resistance, and an outer jacket for external protection. This composite construction delivers the strength of steel without the risk of corrosion, while also enabling faster and lower-cost installation. Specialty RTP offers a range of products including SRTP Pipe, RTP-Rehab for pipeline rehabilitation, and SRTP-LIFT for downhole applications like velocity strings and ESP strings.
Target Audience
The primary target audience includes oil and gas operators in both onshore and offshore environments seeking to reduce capital and operating costs, minimize maintenance, and improve safety in severe operating conditions.
Features
- Reinforced Thermoplastic Pipe (RTP) with design pressures up to 3,500 PSI
- Engineered polymer liners resistant to H₂S, CO₂, high temperatures (up to 105°C), aromatics, brine, and hydrocarbons
- Aramid fiber reinforcement for high strength, cyclic fatigue benefits, and chemical resistance
- Spoolable pipe in continuous lengths minimizing joints and leak potential
- Rapid installation: up to 2,500 ft of 4" pipe can be installed in 15 minutes
- Corrosion resistance eliminating the need for corrosion inhibitors and pigging
- Available in sizes from 1" to 6"
- Turnkey RTP-Rehab process for pipeline and downhole tubular rehabilitation
- SRTP-LIFT solutions for velocity strings, ESP strings and injection strings