Northern Irish engineering company DECOM Engineering has announced that it has secured a pipeline of multi-million pound global contracts.
The announcement comes after the business raised follow-on investment from Co Fund NI and HBAN (Halo Business Angel Network), which will fund operations over the course of the next 14 months, including projects in Thailand, Malaysia and Canada.
The company, which recently opened a base in Aberdeen, has developed world first technologies in pipe cutting and coating removal which provide greener, faster and safer solutions for decommissioning in the energy sector.
Decom Engineering has previously secured £2m of investment from Co Fund NI, HBAN and private investors. By investing over £700,000 in R&D, and with R&D support from Invest Northern Ireland, it has developed innovative new technologies and products to replace the traditional pipe cutting and coating removals processes, saving time and reducing waste and CO2 emissions during the decommissioning of old oil and gas plants and pipelines.