17 December 2004
17 December 2004
ZCL Composites has commenced field testing of its Prezerver Plus Tank Lining System developed during the past twelve months.
The Prezerver+Plus+TM System upgrades a steel or fibreglass single wall tank to a level that meets the requirements of secondary containment and continuous monitoring.
The Prezerver+Plus System adapts technology used in the Company’s Prezerver double wall tanks that are currently purchased by Canadian oil companies. This lining process upgrades a single wall tank “in situ” with a three-dimensional laminate using patented materials combined with a proprietary state-of-the-art curing system. In addition, the System allows storage of new fuels, including the new ethanol and other blends now being legislated in certain provinces in Canada and states in the United States.
The purpose of the field testing is to establish system performance and training requirements for a superior quality product along with safe installation techniques. ZCL have stated that the preliminary results of the first field trial were very encouraging with further tests to come which will continue to evaluate performance and installation under various site and weather conditions.
“This is a giant and promising step towards the implementation of our lining system,” says Ven Côté, President & CEO. “We are poised to take advantage of this tremendous opportunity with the anticipated introduction to the marketplace early in our next fiscal year.”
ZCL claim that tank lining is a very large and lucrative international market although there appears to be no competitive alternative products in the marketplace.
The Company estimates that the potential annual lining market in North America could be in excess of $300 million.