Long Pipes Closing $2M Capital Raise as Part of its $20M Expansion Program

14th December 2016 – By Neil Graham, Long Pipes Co-Founder & Executive Director

Long Pipes is looking to close its $2M capital raise this month as part of the growth of the company to full production and certification of its Globally Unique Long Pipes Fluid Highway program to enter the $10-50B/yr global market for long distance pipe lines.

Long Pipes has now proven its production plant at Harvey Water 140kms south of Perth in operation in the field at 3-5 meters per minute with the delivery last week of the first of its commercial pipes that has been integrated into a pressure network.

This completes the years of development that has led to this successful completion and the earlier trials on irrigation projects in WA.  This also reinforces the success that has been achieved with our first mining pipe that is in trial on a tailings line with a major miner that has now been operating for 6 months.

Long Pipes “in mining terms” has now completed the exploration phase, the Bankable Feasibility Study, the  mine development and the first ore has been shipped and the production plant is now ramping up to full production to name plate performance.

As part of this ramp up the company is looking to open up the Geo Thermal market Power market where it is expected to hold a unique advantage to provide up to 30% of the world’s power  by 2030-50 based on the IPCC review this will start with the delivery of the first pipe for Indonesia  expected in the first quarter of 2017.

The company is also expected subject to funding to enter into its first large scale irrigation project for up to 400kms of irrigation line starting in the first quarter 2017 with 4 kms of test pipe.

The company is also looking at working with the Federal and State Governments and with Major industry Participation to establish a Global Cluster in the Energy industry for the effective and efficient delivery of 43tcf of gas and 180M barrels of oil from known stranded resources to the shore for processing.  The objective is to do this at less than 50% of the cost of the present infrastructure.

These are just some of the many projects in discussion, quote, or first pipe in test that the company presently has on its books or in the “pipeline” pun intended.

The full funds of $20M will enable the company to convert the many proposals and projects in front of it at the moment and with full funding and if fully developed, would provide income of more than $1B in the near term of less than 5 years.

The Long Pipes:- Fluid Highway Wins NERA Award and Peoples Choice Award at Australian Technology Competition

Long Pipes Presented its Fluid Highway technology to the packed crowd of 250 guests and judges at the Australian Maritime Museum in Darling Harbor for the judging of the Australian Technologies Competition; to take home these two coveted prizes in November. The Energy Resources prize was awarded by NERA the National Energy Resources Australia Growth Centre a federally funded industry body that supports development of energy resources in Australia. Plus the Peoples Choice award from the audience, judges, state, federal and UK government representatives present. This caps off an amazing year of achievements for the company and the team.

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Long Pipes Latest Videos:

Harvey Water Review 2016 Projects from Long Pipes Pty Ltd on Vimeo.

Harvey November 2016 Project from Long Pipes Pty Ltd on Vimeo.