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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.

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

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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