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Underground Storage Tanks Risk Mitigation System for petrol fuel stations

Objective

MoniTank offers a commercial continuous advanced structural health monitoring system (SHM) for underground storage tanks (USTs) based on acoustic emission and guided wave technology, risk based inspection techniques, IoT and advance signal processing and data acquisition system. The product will be able to identify structural integrity faults with 99% accuracy of detecting structural problems in USTs before they lead to rupture or failure. Consortium including INT NDT, IRIS, TWI, BIC and Flotek will avail the business opportunity provided by market of 132k potential customers (filling stations in EU) and foreseen maintenance services investments in storage systems, resulting in growing NDT and maintenance needs and lack of robust autonomous continous SHM systems for USTs in oil and gas production and distribution industries market at present by offering MoniTank product. Limitations of current monitoring systems performance, their non compliance with legislation/standards requirement of detection accuracy and reliance on experienced workforce for inspection and maintenance create a differentiation strategic advantage for successful market replication of MoniTank.
Our product will be able to provide continuous monitoring and will use intelligent algorithms to predict potential structural failure. The technologies integrated and finalised during this project will consist of: sensors; processing capabilities (MCU processor hardware); AE sensors, transmission data; batteries; and data wireless transmission and cloud computing, therefore presenting the target customers with a system for risk based inspection criterion for USTs. Our vision is to grow our business by €24million in gross sales with a return on investment of about 15:1 in 5 years post project commercialisation. With business growth, we will create 112 new jobs. It is our strong belief that the Fast Track to Innovation Pilot is the ideal financial instrument for us to accelerate commercialization of MoniTank.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /natural sciences/chemical sciences/organic chemistry/hydrocarbons
  • /social sciences/economics and business
  • /engineering and technology/electrical engineering, electronic engineering, information engineering/electronic engineering/signal processing
  • /engineering and technology/civil engineering/structural engineering/structural health monitoring

Call for proposal

H2020-FTIPilot-2016-1
See other projects for this call

Funding Scheme

IA - Innovation action

Coordinator

INTEGRITY NDT MUHENDISLIK SANAYI VE TICARET LIMITED SIRKETI
Address
Camlica Mah. Anadolu Blv. No:20 L/2 Yenimahalle
06200 Ankara
Turkey
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 317 114,42

Participants (4)

IRIS TECHNOLOGY SOLUTIONS, SOCIEDAD LIMITADA
Spain
EU contribution
€ 371 875
Address
Calle Velazquez, No 94 Primera Planta
28006 Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
TWI LIMITED
United Kingdom
EU contribution
€ 560 197,58
Address
Granta Park Great Abington
CB21 6AL Cambridge
Activity type
Research Organisations
FLOTEKS PLASTIK SANAYI VE TICARET AS
Turkey
EU contribution
€ 324 644,25
Address
Dosab Fulya Sokak 7
16245 Demirtas Bursa
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
BRUNEL UNIVERSITY LONDON
United Kingdom
EU contribution
€ 389 825
Address
Kingston Lane
UB8 3PH Uxbridge
Activity type
Higher or Secondary Education Establishments