Fuel Oil News March 2018 | Page 21

Corrosion detection technology A COMPANY THAT DEVELOPS REMOTE SENSORS FOR MONITORING CORROSION IN OIL AND GAS PIPELINES HAS SECURED £250,000 OF INVESTMENT FROM EARLY-STAGE INVESTOR, MERCIA FUND MANAGERS This has been met with a further £104,000 from Innovate UK through its investment accelerator pilot programme. The investment will support CorrosionRADAR with developing its technology and business to secure commercial partners for initial fi eld tests. A spin-out from Cranfi eld University, CorrosionRADAR is seeking to address the well-known industry problem of monitoring corrosion in pipelines, particularly in Corrosion Under Insulation (CUI) or buried pipes. CorrosionRADAR technology is permanently embedded and can accurately pinpoint the location of corrosion at any point along the full length of a pipeline. These unique capabilities support predictive maintenance programs for the management of industrial assets, giving business owners the confi dence to make real-time decisions. The main aim of the technology is to help companies reduce maintenance costs, while sustaining a high standard of safe and environmentally friendly operations. The company is led by CEO Dr Chiraz Ennaceur, who has more than 15 years’ experience in taking new technologies from the research stage to product development. “We are addressing an unmet industrial challenge in a global market,” said Dr Chiraz Ennaceur. “We are committed to The CorrosionRADAR team – ‘committed to creating a game- changing solution for tackling corrosion management’ creating a game-changing solution for tackling corrosion management, and to support industry in a move from reactive to predictive corrosion New LAG Tanker Sales Tanker Maintenance Used Vehicle Sales Tanker Remounting 0113 289 7990 Doug Watts 07770 837 829 [email protected] management using cutting edge technologies from distributed sensing technology to Industrial Internet of Things (IIOT) and advanced analytics.” Brian Edwards 07831 617 616 [email protected] Richard Bulmer 07584 239 297 [email protected] Adrian Mason 07703 715701 [email protected] www.williamsts.com Fuel Oil News | March 2018 21