Transforming corrosion
management Oil tanks – new
Buyers’ Guide
A company which aims to transform corrosion management has secured a £1m
investment to further develop its technology and expand into the oil, gas and
petrochemicals sectors. Everything You Ever Wanted To Know About Heating
Oil Tanks is a new Buyers’ Guide from the FuelTank.
store.
Prepared to help anyone specifying or choosing
a new heating oil tank, the guide is written in plain
English and provides an overview of heating oil tanks
on sale today. It also answers questions, frequently
posed by heating oil users.
“When specified, installed and maintained
correctly, most homeowners will never buy more than
two heating oil tanks in a lifetime,” says FuelTank.
store managing director, Alison Bransby.
“So, it’s only to be expected that buyers will
often be unfamiliar with today’s fuel storage options
– our new guide aims to change that. We hope it will
assist storage tank technicians, by helping manage
consumer expectations and empower heating oil
users, to make informed, purchasing decisions.
“The guide covers everything from material
of construction, environmental protection, and
fire safety, to theft prevention, maintenance,
location, inspection and monitoring. Written to
complement existing, technical publications, it
emphasises that heating oil tanks are safety critical
products. So, unsurprisingly we stress the importance
of installation and maintenance by a suitably
competent person, such as an OFTEC registered
technician, added Alison.”
The 24-page guide, which is available to
download for free at www.fueltank.store, can also
be requested by sending an e-mail to
[email protected].
The annual global cost of corrosion is estimated at over £2 trillion by the worldwide
corrosion authority NACE – The National Association of Corrosion Engineers, one of the
premier authorities for corrosion control solutions.
CorrosionRADAR – which supplies the world’s longest-range Corrosion Under
Insulation (CUI) monitoring technology – has secured investment from the MEIF Proof
of Concept & Early Stage Fund. This fund is managed by Mercia and part of the Midlands
Engine Investment Fund, with additional funds from Mercia and private investors,
alongside grants from the Government’s Innovate UK and the Oil and Gas Technology
Centre.
A spin-out from Cranfield University, CorrosionRADAR’s patented system enables
the move away from manual inspections to automated monitoring, and from reactive to
predictive corrosion management. Earlier detection aids corrosion prevention, lowering
costs and risk.
Using smart digital solutions, Dr Mehrdad Silatani, Dr Chiraz Ennaceur and Dr Prafull Sharma of
CorrosionRADAR are looking to transform corrosion management in the oil, gas and chemical industries
The firm, which has offices in Cranfield and Cambridge, uses permanently embedded
sensors placed on the surface of the asset to continuously monitor its condition and detect
problem areas, along with advanced analytics and artificial intelligence to predict where
faults are likely to occur. The system allows facilities managers to focus their resources most
effectively and helps prevent leaks.
The technology was invented by Dr Prafull Sharma and Professor Hoi Yeung. They
joined forces with Dr Mehrdad Silatani and experienced industrialist Dr Chiraz Ennaceur to
launch the company in 2017, with backing from Mercia and a grant from Innovate UK.
The system is already being used by large corporates such as Solvay, Sitech and
Reliance Industries. This latest round of investment will allow the team to develop new
hardware for the oil, gas and petrochemicals industries, while enhancing its predictive
analytics and software, creating 10 new jobs for sales and marketing staff.
“Corrosion is the biggest failure mechanism in the world, with a huge cost to industry,”
said Dr Chiraz Ennaceur, CEO at CorrosionRADAR.
“Our vision is to transform corrosion management through smart digital solutions and
help pipeline owners and operators to have a safe, reliable and environmentally friendly
operation.”
PAGE 18 – TANK STORAGE ASSOCIATION 2019 CONFERENCE REPORT
The new guide is designed to help ‘manage
consumer expectations and empower heating oil
users to make informed, purchasing decisions’
Fuel Oil News | December 2019 25