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MoniTank SIGNED

Underground Storage Tanks Risk Mitigation System for petrol fuel stations

Total Cost €

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EC-Contrib. €

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Partnership

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 MoniTank project word cloud

Explore the words cloud of the MoniTank project. It provides you a very rough idea of what is the project "MoniTank" about.

structural    finalised    continuous    accuracy    compliance    intelligent    successful    standards    reliance    predict    techniques    acquisition    shm    opportunity    monitank    wave    stations    acoustic    pilot    gross    ae    24million    services    132k    detecting    track    iot    ing    commercialization    vision    grow    batteries    filling    belief    iris    foreseen    storage    inspection    financial    gas    signal    monitoring    mcu    wireless    hardware    return    data    requirement    15    maintenance    sensors    innovation    workforce    rupture    differentiation    investment    criterion    market    112    commercialisation    accelerate    offers    ndt    guided    usts    tanks    jobs    limitations    integrity    int    post    create    commercial    health    strategic    processor    autonomous    flotek    presenting    99    avail    industries    bic    business    computing    ideal    oil    detection    consist    customers    instrument    investments    technologies    underground    risk    performance    fast    emission    legislation    replication    advantage    lack    twi    continous    cloud    transmission    algorithms    faults    sales   

Project "MoniTank" data sheet

The following table provides information about the project.

Coordinator
INTEGRITY NDT MUHENDISLIK SANAYI VE TICARET LIMITED SIRKETI 

Organization address
address: MELIH GOKCEK BULVARI 18-94 IVEDIK
city: ANKARA
postcode: 6378
website: www.integrityndt.com.tr

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Turkey [TR]
 Project website http://www.monitankproject.eu
 Total cost 2˙398˙070 €
 EC max contribution 1˙963˙656 € (82%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2. (PRIORITY 'Industrial leadership')
 Code Call H2020-FTIPilot-2016-1
 Funding Scheme IA
 Starting year 2017
 Duration (year-month-day) from 2017-04-01   to  2020-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    INTEGRITY NDT MUHENDISLIK SANAYI VE TICARET LIMITED SIRKETI TR (ANKARA) coordinator 317˙114.00
2    TWI LIMITED UK (CAMBRIDGE) participant 560˙197.00
3    BRUNEL UNIVERSITY LONDON UK (UXBRIDGE) participant 389˙825.00
4    IRIS TECHNOLOGY SOLUTIONS, SOCIEDAD LIMITADA ES (MADRID) participant 371˙875.00
5    FLOTEKS PLASTIK SANAYI VE TICARET AS TR (DEMIRTAS BURSA) participant 324˙644.00

Map

 Project 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.

 Deliverables

List of deliverables.
Project website Websites, patent fillings, videos etc. 2020-01-21 14:46:10

Take a look to the deliverables list in detail:  detailed list of MoniTank deliverables.

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The information about "MONITANK" are provided by the European Opendata Portal: CORDIS opendata.

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