Nanoxplore enters supply deal with Chevron Phillips

Executive Summary

• Nanoxplore Inc. has entered into a multiyear supply agreement with Chevron Phillips Chemical (CPChem) to supply Tribograf, a proprietary carbon product derived from graphene.
• The product, marketed as NanoSlide, is a lubricant for oil and gas drilling fluids developed jointly by Nanoxplore and Drilling Specialties (a division of CPChem).
• This agreement marks the commercialization of NanoSlide, which has reportedly received successful customer feedback and has production orders underway.

Key Details

• Counterparty: Chevron Phillips Chemical (CPChem), specifically its Drilling Specialties division.
• Product: Tribograf (proprietary carbon product/graphene powder) and NanoSlide (trademarked lubricant formulation).
• Contract Type: Multiyear supply agreement.
• Start Date: Supply begins in October.
• Product Application: Lubricant for oil and gas drilling fluids, designed to reduce the coefficient of friction and shorten drilling time.
• Technical Benefits: Superior lubrication properties due to high-aspect ratio graphene; does not cause flow restriction in challenging geological formations (tight oil reservoirs, low permeability/porosity, extended-reach laterals).
• Commercial Status: Currently commercial with successful customer feedback and production orders already in place.
• Strategic Impact: Expands the commercial use of Tribograf and reinforces Nanoxplore’s vision as a leading supplier of advanced carbon materials.

Notable Quotes

• Jay Bickett, Senior Vice-President, Polymers and Specialties, CPChem: "This agreement reflects our shared focus on driving innovation and enhancing product efficiency. We look forward to creating meaningful value for customers through this collaboration."
• Rocco Marinaccio, Chief Operating Officer, Nanoxplore: "After years of collaborative work, we are proud to achieve this significant milestone for Nanoxplore. This contract reflects our belief that advanced carbon materials can deliver impactful value across various industrial applications."