Rheidiant, Inc. has announced its participation in Chevron Technology Ventures’ (CTV) new ‘Catalyst Program’, a programme introduced into the oil and gas industry to support startup companies that bring innovative products. Rheidiant is a part of the first group of companies admitted to the CTV programme.
Rheidiant applies Industrial Internet of Things (IIoT) and machine learning technologies to solve big problems in the oil and gas industry. Its Smart Sign leak detection system is a ground-breaking solution to new and old hazardous liquid pipelines, monitoring these assets for small and large leaks before they result in big environmental spills. The technology relies on proprietary acoustic sensors that are deployed near the pipeline without excavation or trenching.
“Deploying external real time monitoring systems are essential in safeguarding pipelines against large environmental spills. Today, however, there are over half a million miles of pipelines that were deployed without external monitoring. The Smart Sign system offers the world’s first economic retrofit solution to the operators of these pipelines and helps them protect the environment, the neighboring communities and their bottom line against spill events,” said Murat Ocalan, President and CEO of Rheidiant.
“Product spills from old hazardous liquid pipelines is a serious challenge facing the industry. Chevron has taken a leadership position to apply new technology to address this challenge and we are excited to work with them under its Catalyst programme,” said Hossam Elbadawy, Rheidiant’s Chairman.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/23082017/rheidiant-joins-chevron-technology-ventures-catalyst-programme/