Dutch-based composite pipe manufacturer, Airborne Oil & Gas, has secured an investment from Chevron Technology Ventures, the technology investment arm of Chevron Corporation of the USA.
With this investment, Chevron Technology Ventures joins Shell and Evonik as corporate investors in Airborne Oil & Gas.
“We are very pleased to welcome Chevron Technology Ventures to our shareholder base,” said Eric van der Meer , CEO of Airborne Oil & Gas. ”We have a long-standing relationship with Chevron, including the recent delivery of an ultra-high pressure product to them, and consider their investment as a great addition to our achievements.”
The company said it is planning an expansion of its manufacturing facility near Amsterdam.