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As an ASME code shop it has been very beneficial to our business having the added segment of renewable energy projects.  Throughout our 30 year history as a company most of our success and failure has coincided with the success and failures of the oil and gas industry.  As it stands today we are still very dependent on our traditional energy clients and their projects, as this makes up at least half of our overall business each year.  However, it is great to have another segment that is not dependent on the price of oil and gas to keep our fabrication shop afloat while gas and oil prices are down.  Last year the lions share of our work was in alternative fuels, clean energy, and clean-tech segments.  Not having this industry 10 years ago (not to say it didn’t exist it just wasn’t as lucrative at that time) this recession would have been much worse than it is even now. During the downturn we saw big decreases in our back log but we were able to secure and build several projects and skidded packages for clients that are trying to bring new clean technologies to market.  Some of these technologies improve pollution and energy consumption while others aim and finding a competitive replacement to petroleum products.

As we look to the future in this new energy economy Precision Pipe is excited to be at the cross roads.  We are very optimistic about the continued and successful use of fossil fuels and their associated projects and we are thrill to see these projects getting back on their feet again.  All the while we are also embracing new companies that are developing technology to change the way the world uses energy and fuels itself.  In the near future we hope to be building NGL refrigeration plants and gas separators alongside catalyst beds and gasification plants to power our nation and world.  As it is clearly a new world for fabrication, Precision Pipe  is well positioned as a leader in developing new technologies.  We strive to help our clients build prototypes of their own proprietary technologies for this new segment of the US economy in addition to building components for established petrochemical processes.

http://www.Precision-Pipe.com

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