EU H2020 Project "MONITANK (Underground Storage Tanks Risk Mitigation System for petrol fuel stations)": description, partecipants, costs and EC-fundings

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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.

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

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

#	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

INTEGRITY NDT MUHENDISLIK SANAYI VE TICARET LIMITED SIRKETI

TR (ANKARA)

coordinator

317˙114.00

TWI LIMITED

UK (CAMBRIDGE)

participant

560˙197.00

BRUNEL UNIVERSITY LONDON

UK (UXBRIDGE)

participant

389˙825.00

IRIS TECHNOLOGY SOLUTIONS, SOCIEDAD LIMITADA

ES (MADRID)

participant

371˙875.00

FLOTEKS PLASTIK SANAYI VE TICARET AS

TR (DEMIRTAS BURSA)

participant

324˙644.00

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

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More projects from the same programme (H2020-EU.3.;H2020-EU.2.)