Union Minister of Steel Mr Birender Singh will release ‘Impact India- Cost of Corrosion Study for India’ brought out by NACE International, the CORCON Institute of Corrosion , GAIL India and Outokumpu India here on February 19 , 2019.
Shri P. Raghavendra Rao, Secretary, Ministry Chemicals and Fertilizers, Department of Chemicals and Petrochemicals , Dr. Samir Degan, Past President NACE International and Director for CORCON Institute of Corrosion. Ms. Elaine Bowman, Project Manager – IMPACT Study, Mr. Sudhir Vasudeva, former CMD, ONGC Limited, Dr. Ashutosh Karnatak, Director (Project) GAIL India Limited and Mr Yatinder Pal Singh Sur, Managing Director, Outokumpu India will be present on the occasion.
The global cost of corrosion is estimated to be US$2.5 trillion, which is equivalent to 3.4% of the global Gross Domestic Product (GDP) (2013. In India corrosion is impacting 4.2 per cent of the country’s GDP and the menace requires urgent appropriate measures.Corrosion is a natural process, which converts a refined metal to a more stable form, such as its oxide, hydroxide, or sulphide. It can cause damage to everything from automobiles, drinking water systems to pipelines, bridges, factories and public buildings.
“Globally, consequences of the corrosion process have become a problem of world-wide significance. Corrosion has a huge economic and environment impact on virtually all facets of the worlds infrastructure, from highways, bridges, and buildings to oil and gas, chemical processing, water and wastewater systems and particularly industrial structures. In addition and to causing severe damage and threat to public safety, corrosion disrupts operations and requires extensive repair and replacement of failed assets”said Dr Samir Degan, Past President NACE international and firector, CORCON institute of corrosion.
“Controlling corrosion requires recognition at the design and construction stage of assets and is more rewarding in the long run in terms of increased safety, performance, asset life, environment protection and more cost-effective operations. Unfortunately, this problem is not recognised at the early stages and thus leads to considerable maintenance costs during the life of the asset.”said Mr yatinder Pal Singh Suri, Managing Director & Country Head, Outokumpu India , Finland based company which brings out corrosion handbook since year 1934.
As most corrosion failures are preventable and money can be saved by corrosion control. The study IMPACT (International Measures of Prevention, Application, and Economics of Corrosion Technologies) by NACE International – The Worldwide Corrosion Authority embarked on a new study IMPACT (International Measures of Prevention, Application, and Economics of Corrosion Technologies). The Government of India had announced a National Mission on Corrosion Control Technologies and Standards, of which a cost of corrosion study for India was an important component.
IMPACT study emphasises how to integrate corrosion technology with organisational management systems. By doing this, corrosion control decisions are optimised with respect to both cost savings and concern for safety and the environment. The study determined that reducing what continues to be an astoundingly high cost of corrosion requires a change in how decisions are made. While it is important to continue investment in technology for corrosion control, putting this technology into an organisational management system context and justifying corrosion control actions by business impact is essential.
IMPACT provides the data, tools, and framework that enable companies and governments to successfully integrate and execute an effective corrosion management system.