Henan based materials technology company China Gengsheng Minerals, Inc. has announced that it has signed a contract to supply high-density fracture proppants to the Huabei Oil Management Company in Renqiu, Hebei.
According to the contract, Gengsheng will ship 1,000 tons of high-density fracture proppants over the next 11 months. Fracture proppants are a light, bauxite-based, grain-like material that has a round and smooth surface and the quality of resisting high pressure and acid corrosion. They are used by oil and gas drillers to extract pockets of oil and natural gas scattered underground.
In the first half of 2008, the company signed contracts to a total value of USD5.3 million to supply fracture proppants to major Chinese oil companies, including China National Petroleum Corporation, China National Offshore Oil Corporation, and China Petroleum and Chemical Corporation.
China Gengsheng Minerals, Inc. develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics, and fracture proppants. Gengsheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to improve their productivity and reduce their energy consumption.