TITLE:

CORTOOLS. Co-creation of corrosion monitoring and prediction tools

DESCRIPTION:

Corrosion is the most important materials failure mechanism in industry and annually responsible for the costs amounting approximately to 2 trillion €. In this project, corrosion on-line monitoring and prediction software tools are developed to respond to the needs of raw materials industry. For the project partners, the developed tools enable more than 1 M€ annual savings through the prevention of corrosion failures. For the European raw materials industry in whole, the project may enable saving reaching the magnitude of billions of euros. Thus the project is very important for the competitiveness of European Raw Materials sector. The market potential of the tools lie in all industry sectors facing challenges with materials durability in harsh operation conditions. During the project, the initial business plan will be drafted and further developed though a market analysis. The strategy plan for commercialisation is prepared, including estimation of time-to-market and the protected IPR, considering the steps that will be taken after the project, e.g., licencing.
The corrosion on-line monitoring and prediction software tools provide the raw materials sector a footstep towards digitalization. Another giant progress is the link to artificial intelligence (AI); it is here used in the computational modelling, yet remote collection of on-line monitoring data allows later for the hidden causalities in the project conditions (e.g., mineral quality in hydrometallurgy) and the detected corrosion rate to be disclosed with the aid of AI.

DURATION:

2019/01/01 - 2021/12/31

FUNDING:

EIT Raw Materials

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