# Vallourec invests in coating plant upgrade in Brazil for Proxxima insulation

Vallourec will invest in an upgrade of its Vallourec Coating Solutions plant in Serra, Espírito Santo, Brazil, to deploy Proxxima resin systems with GDLX subsea insulation technology, becoming the first licensee of the technology.

- Type: Investment
- Announced: 2026-05-20
- Where: Serra, Espírito Santo, Brazil
- Status: announced
- Products: subsea insulation systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md)
- [ExxonMobil](https://endata.com/companies/1345.md) (partner)

## Sources

- [markets.chroniclejournal.com](https://markets.chroniclejournal.com/observerreporter/article/gnwcq-2026-5-20-vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil), 2026-05-20: "The Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/vallourec-receives-new-line-pipe-orders-from-exxonmobil-guyana-1454448.htm), 2026-05-20: "To support the use of this technology, the company will invest in an upgrade of its Vallourec Coating Solutions plant located in Serra, Espírito Santo, Brazil."
- [globenewswire.com](https://www.globenewswire.com/news-release/2026/05/20/3298153/0/en/VALLOUREC-WINS-MAJOR-LINE-PIPE-ORDERS-FROM-EXXONMOBIL-IN-GUYANA-AND-INVESTS-IN-PROXXIMA-RESIN-SYSTEMS-WITH-GDLX-SUBSEA-INSULATION-CAPABILITIES-IN-BRAZIL.html), 2026-05-20: "To support this development, the Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [uk.finance.yahoo.com](https://uk.finance.yahoo.com/news/vallourec-wins-major-line-pipe-050000219.html), 2026-05-20: "To support this development, the Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [globenewswire.com](https://www.globenewswire.com/news-release/2026/05/20/3298153/0/fr/VALLOUREC-REMPORTE-D-IMPORTANTS-CONTRATS-DE-PIPELINES-AUPR%C3%88S-D-EXXONMOBIL-AU-GUYANA-ET-INVESTIT-AU-BR%C3%89SIL-DANS-LE-SYST%C3%88ME-DE-R%C3%89SINE-PROXXIMA-DOT%C3%89-DE-LA-TECHNOLOGIE-D-ISOLATION-SOUS.html), 2026-05-20: "Pour accompagner ce développement, le Groupe va investir dans la modernisation de son usine Vallourec Coating Solutions située à Serra, Espírito Santo, au Brésil."
- [live.euronext.com](https://live.euronext.com/fr/products/equities/company-news/2026-05-20-vallourec-remporte-dimportants-contrats-pipelines-aupres), 2026-05-20: "Pour accompagner ce développement, le Groupe va investir dans la modernisation de son usine Vallourec Coating Solutions située à Serra, Espírito Santo, au Brésil."
- [investor.wedbush.com](https://investor.wedbush.com/wedbush/article/gnwcq-2026-5-20-vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil), 2026-05-20: "To support this development, the Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [manilatimes.net](https://www.manilatimes.net/2026/05/20/tmt-newswire/globenewswire/vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil/2347836), 2026-05-20: "The Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [au.marketscreener.com](https://au.marketscreener.com/news/vallourec-secures-two-contracts-and-announces-brazilian-investment-ce7f5ad8df80f225), 2026-05-20: "The group will invest in modernizing its Vallourec Coating Solutions plant located in Serra, Espirito Santo, Brazil."
- [marketscreener.com](https://www.marketscreener.com/news/vallourec-secures-two-contracts-and-announces-brazilian-investment-ce7f5ad8df80f225), 2026-05-20: "The group will invest in modernizing its Vallourec Coating Solutions plant located in Serra, Espirito Santo, Brazil."
- [finanzwire.com](https://www.finanzwire.com/press-release/vallourec-epa-vk-vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil-KYYqZ4ggHfb), 2026-05-20: "To support this development, the Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2026-05/68542425-vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-braz-399.htm), 2026-05-20: "To support this development, the Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [oceannews.com](https://oceannews.com/news/subsea-and-survey/vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana/), 2026-05-20: "The Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [bnamericas.com](https://www.bnamericas.com/en/news/vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil), 2026-05-20: "The Group will invest in an upgrade of its Vallourec Coating Solutions plant, based in Serra, Espírito Santo, Brazil."
- [oceaneconomist.com](https://oceaneconomist.com/articles/vallourec-exxonmobil-guyana-linepipe), 2026-05-20: "a plant upgrade planned at its coating facility in Serra, Espírito Santo, Brazil"
- [lifestyle.pspl.com](https://lifestyle.pspl.com/story/660192/vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil/), 2026-05-21: "Combined with our investment in Proxxima™ resin systems with GDLX™ subsea insulation technology, these contracts underscore our commitment to innovation."
- [lifestyle.houstonnewstoday.com](https://lifestyle.houstonnewstoday.com/story/675604/vallourec-wins-major-line-pipe-orders-from-exxonmobil-in-guyana-and-invests-in-proxxima-resin-systems-with-gdlx-subsea-insulation-capabilities-in-brazil/), 2026-05-22: "Combined with our investment in Proxxima™ resin systems with GDLX™ subsea insulation technology"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.