A Scottish rust-busting specialist firm which supports the offshore oil and gas sector, has been boosted by a new £5.1 million investment for research and development.
Based in Livingston, near Edinburgh, Scaled Solutions has been lent £2.2 million from the Scot-Govt, which the company is investing the remaining £2.9 million.
The R&D project aims to develop new testing services that will address information and technology gaps in anti-corrosion and scaling mechanisms.
The company will grow its staff at its Scottish base over the next three years by a third, with 17 of the 19 newly-created jobs in R&D.
Dr Gordon Graham, Managing Director, Scaled Solutions Ltd, said: “This is the largest R&D project we’ve undertaken and we believe it will transform our current capabilities and services, creating solutions not available anywhere else in the world.
“We’ve decided to significantly increase our innovation investment as it’ll put us at the forefront of production chemistry and corrosion testing, giving us excellent competitive advantage and an opportunity to capture stronger global market share.”
Scottish Industry Minister Keith Brown, MSP, commented: “Scotland’s oil and gas supply chain is internationally acclaimed and this investment will further enhance its reputation.
“It will enable Scaled Solutions to develop an exciting range of services targeted at clients in the North Sea and across the world.
“The company is already providing testing facilities to some of the biggest names in the industry. It’s particularly encouraging to see them identify international opportunities and drive forward the kind of change that will allow it to take full advantage of them.
“The investment will also create new, high-value and high-skilled positions working directly in research and development.”
25 Aug 2017
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