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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.

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

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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