Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Pultron Composites signs MoU with oil giant, Saudi Aramco

Pultron Composites signs MoU with oil giant, Saudi Aramco
GISBORNE, NEW ZEALAND [3 December 2019]. Pultron Composites, based in Gisborne, New Zealand alongside its subsidiary company, Mateenbar in Dubai are pleased to announce a joint Memorandum of Understanding with oil giant, Saudi Aramco.

Pultron has a long-standing reputation of success in innovation and industry-firsts using pultrusion technology. Mateenbar™ is one of their great success stories, an industry-approved glass fibre-reinforced polymer (GFRP) rebar. Mateenbar™ is corrosion-free and lightweight. It provides a longer lifespan and minimal life cycle costs compared to steel reinforcement.Pultron CEO, Jasper Holdsworth was in attendance at the Future Investment Initiative, held in Riyadh, Saudi Arabia. As part of the Future Investment Initiative, a memorandum of understanding in the field of energy was signed between Aramco and Pultron with a value of 93.75 million riyals ($NZ38.9m).

According to Saudi Aramco’s internal analysis, GFRP rebar is qualified to replace 10% of Saudi Aramco’s total steel demand. They have recently mandated GFRP rebar to be included in its engineering standards for reinforced concrete structures in corrosion-risk areas.

“The world’s largest company, Saudi Aramco, is endorsing our Mateenbar™ technology and mandating the use of GFRP rebar in slab-on-grade, seawalls, sidewalks, drainage channels and other coastal structures,” says Jasper Holdsworth.With Saudi Aramco’s non-metallic initiative, the MoU with Pultron aligns with their proactive approach to managing corrosion in Saudi Arabia and throughout the Middle East. Mateenbar™ has made a name for itself in the Middle East as a superior alternative to steel in aggressive environments.

The Trade Commissioner to Saudi Arabia and the GCC at the NZ Embassy, Ahmad Zakkout stated, “It's fantastic to see New Zealand ingenuity being recognised in Saudi Arabia at the highest levels.”

Mateenbar is the principal supplier of GFRP rebar in the 21km-long Jizan Flood Mitigation Channel in Saudi Arabia. This channel is the only defence for the 400,000 barrel per day refinery built in an area of high flood risk between mountains and the coast. Once completed, it will be the largest project in the world to be fully-reinforced using GFRP rebar. Mateenbar has also been used as reinforcement for the Grand Paris Metro tunnel, the iconic Burj Al Arab, the F1 race track in Abu Dhabi and over 300 other high profile projects worldwide.

The use of Mateenbar™ is also gaining momentum closer to home, as engineers are seeking improved whole-of-life savings and sustainability, without compromising performance. The rebuild of the earthquake damaged State Highway 1 in Kaikoura is one such project where Mateenbar™ was used, providing a non-metallic and corrosion-free solution.

Pultron Composites, an industrial technology company based in Gisborne, specialising in the development and manufacture of customized fiber-reinforced polymer (FRP) pultrusions. Pultron successfully developed more than 45 new specialist FRP structural products for marine, mining, infrastructure, electrical, agriculture and recreation applications. For more information visit

Mateenbar™ is Pultron’s proprietary glass fiber-reinforced polymer (GFRP) rebar. It is leading the world in durable rebar with distinct advantages including corrosion resistance; ¼ the weight of steel, high tensile strength (close to 2x the strength of steel); non-conductive; non-magnetic and consumes 70% the embodied energy of steel. It is used in large projects including bridges, tunnels, civil and infrastructure projects worldwide. For further information visit:


© Scoop Media

Business Headlines | Sci-Tech Headlines


Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>


Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>


Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>


EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>