One of the UK’s largest and best known chemicals firms, Johnson Matthey, is set to form a new joint venture company that will allow it to compete for a huge section of Asia’s petrochemical technical products and services industry.The JV, which will be owned on a 50:50 basis, is a collaboration between the Royston chemicals specialist and Malaysia’s Dialog Systems, a subsidiary of the Kuala Lumpur-based Dialog Group Berhad.
It will cater for the marketing, supply and promotion of advanced process diagnostic, specialist measurement and nucleonic instrumentation products and services for use in the oil, gas and petrochemical industry.
Operating under the Tracerco name, it will serve what is known as the ASEAN countries – Thailand, Malaysia, Singapore, Indonesia, Cambodia, the Philippines, Vietnam, Laos, Brunei and Burma/Myanmar – as well as India and South Korea.
Tracerco is a process technology unit within Johnson Matthey’s catalysts division.
Utilising radioisotope techniques and applications, it provides a range of world leading advanced process diagnostic, specialist measurement and nucleonic instrumentation solutions to the process industry – including oil, gas & petrochemical industry – which reduce operating costs, optimise production and minimise shutdown period.
The radioisotope techniques and applications, using radioactive materials/tracers and molecular markers, were developed over a period of nearly 50 years’ of continuous research and development.
Some of the solutions that Tracerco provides to the oil, gas & petrochemical industry are reservoir tracing, flooded member inspection, level measurement, flowrate measurement, column & pipe scanning, leak tests and flow profiling in horizontal wells.
Johnson Matthey’s core businesses are specialty chemicals, focusing on catalysts, precious metals, colours & coatings, pharmaceutical materials and fine chemicals.
It has operations in more than 30 countries and its products and services are sold across the world to a wide range of advanced technology industries.
The Tracerco deal marks a progression in Dialog’s cooperation with Johnson Matthey, which started off with a basic agency relationship for the supply and marketing of catalyst products – which expanded later into Tracerco services and products – in 2000.
In 2001, the close relationship developed into a ‘Dialog Tracerco Alliance’ and now in 2006 as regional technology partners through TASB, an incorporated entity.