Bayou and Wasco Announce Restart of Bayou-Wasco Insulation Facility
HOUSTON, July 18, 2022 /PRNewswire/ — The Bayou Companies, LLC (“Bayou”) and Wasco Energy (“Wasco”) today announced the restart of the Bayou-Wasco Insulation(“BWI”) facility effective immediately. BWI will continue to operate from New Iberia, Louisiana, and provide customers with both Glass Syntactic Polyurethane (“GSPU”) and Glass Syntactic Polypropylene (“GSPP” or 5LPP) insulation services. In addition to providing more choices for Gulf of Mexico customers, BWI will also serve in partnership with other Wasco locations to provide added support, capacity, and plant redundancy, further reducing execution risk on major subsea projects.
“The landscape and demand for subsea flow assurance have changed dramatically, and we are excited about moving forward and working with Wasco to go to market in a coordinated fashion to support customers across geographies,” said Tanmay Desai, CEO of Bayou. “We also look forward to working with Wasco’s worldwide footprint to accelerate the growth of our ODYSEA division and the global deployment of Goldilocks (“GDLXTM”) technology to supplement polyurethane and polypropylene-based coatings, giving customers greater options.”
“Over the last few years, the market for flow assurance systems has shifted significantly with new geographies providing significant growth opportunities for BWI products and services,” said Giancarlo Maccagno, Group CEO of Wasco Energy. “Wasco is excited by the opportunity to restart the BWI facility with Bayou and the prospect of providing our customers with a suite of competitive products and services.”