On December 28, the investment community reported that a few days ago, Chengdu Laurpus Technology***LauampusIt's done1.500 million yuan Series A financing。The financing was made by:Sichuan Development, Chengdu Science and Technology Venture Capital**Lead the pitchCanghai CapitalJoint participation in the investment. Lauamps is an innovative technology company leading the development of unconventional oil and gas stimulation technology and new materials, and is a national specialized and new "little giant" enterprise and a national intellectual property advantage enterprise, with a leading position and high reputation in the industry.
This round of financing will help Laamps increase R&D investment, replenish working capital, and complete the construction of a new base in Meishan. With the improvement of technology and the further expansion of production capacity, Lainpus will better serve the fast-growing demand for unconventional oil and gas exploration and gathering and transportation at home and abroad in the future.
Founded in 2014 by Dr. Ren Shan, Launpus is committed to developing into a leading service provider of stimulation technologies and new materials in the field of unconventional oil and gas (shale oil, shale gas, coal and rock gas), including R&D, production, sales and corresponding supporting technical services for fracturing fluid formulations and additives. The company's business mainly involves fracturing and production and transportation in the oil and gas exploitation process, among which the fracturing field has proppant efficient paving sand control technology, integrated variable viscous acid system, temporary plugging technology and other process technologies, as well as matching integrated variable viscosity salt resistance and resistance reducing agent, temporary plugging fiber, acid, sand control fiber and other products, and in the field of production and transportation, there are process technologies such as pipeline anti-corrosion technology and oil and gas well stimulation technology, as well as supporting preservatives, corrosion inhibitors, foaming agents, plugging agents and other products.
After nearly 10 years of hard work, through providing customers with high-quality engineering construction solutions and supporting the integrated business model of high-performance oilfield chemicals, Lainpus has not only successfully solved the "bottleneck" problem of shale gas exploitation in China, especially in the Sichuan Basin, but also grown into a pioneer in shale oil and gas fracturing fluid technology in China and a major supplier of products. Benefiting from its leading position in the industry, the company has entered a period of rapid development since 2016, and its various businesses have continued to maintain a high growth trend.
Founder of the companyDr. Ren ShanHe is a well-known reservoir transformation expert in China, a professor-level senior engineer, an expert with outstanding contributions to Sinopec, a national leading talent in science and technology entrepreneurship, and a reserve candidate for academic and technical leaders in Sichuan Province. He has presided over more than 20 national, provincial and ministerial projects, and won 1 Science and Technology Progress Award of the Ministry of Education, 1 China Patent Silver Award, 1 Sichuan Patent Award, and 9 Provincial and Ministerial Science and Technology Progress Awards.
In 2012, Sinopec made a breakthrough in the commercial development of shale gas in Jiaoshiba, which opened the prelude to the huge development of shale oil and gas. At that time, the core technology and products of shale oil and gas development mainly relied on the introduction from abroad, which not only had high cost, but also had weak applicability to China's geological conditions and reservoir conditions. Dr. Ren Shan realized that once domestic substitution or the development of more applicable technologies and products were realized, the commercial development of shale oil and gas would face a huge blue ocean, and thus founded Lainpus, focusing on the core technology and material research and industrial application of shale oil and gas exploration and development.
Dr. Ren Shan, founder of LauampusHe said that this A round of financing is the first large-scale external financing in the nine years since the company was established, which has been strongly supported by key state-owned capital platforms at the provincial and municipal levels, and has also attracted the active participation of marketization in vertical segments. In the next step, we will continue to focus on the R&D and breakthrough of unconventional oil and gas stimulation materials and technologies, actively serve the country's energy independence and energy security needs, practice the concept of "unity of knowledge and action", and hold the concept of "fighting for the nation" The mission is to promote China's oil and gas industry to continue to reduce costs, increase production and increase efficiency, and actively carry out international cooperation, carry out offshore business, and participate in and promote the common development and progress of the oil service industry at home and abroad.
Qiu Yizhou, founding partner of Canghai CapitalExpression: a generation of materials, a generation of industry. The development of Lauamps is a perfect illustration of the impetus and change that new material technology and its application can bring to an industry and a region. Energy security is the core strategy of the country, and the development of unconventional oil and gas, especially shale gas, is not only a key link in energy independence, but also an important part of clean energy. As an important member of the oil service industry, Lauenbus will not only vigorously optimize China's energy structure, but also an important support for achieving carbon neutrality by 2060 by improving the overall scale, efficiency and cost of unconventional oil and gas in China through their innovation. We are very pleased to be a part of the growth of LAUAMPS and are confident that the company will continue to grow rapidly and strengthen its position as a leader in unconventional oil and gas stimulation materials and technologies."