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The application of current technology can reduce corrosion losses by 30%, which feeds back into an organization’s bottom-line performance and boosts productivity.
Financial Argument For Lifecycle Management High-performance corrosion-resistant alloys are certainly available, but they are expensive and unlikely to make an immediate, significant impact on the enormous preponderance of carbon steel pipelines, which account for 90% of the world’s stock.
As a result, the question of how best to tackle corrosion is beset by both cost and technical issues.
Businesses can achieve a great deal by implementing long-term corrosion- management strategies, but many are reluctant to spend money on projects that do not deliver an early return in investment.
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The education of the industry’s key players in lifecycle costing is an issue that must be addressed urgently.
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Short-termism and the culture of instant returns is a serious problem.
Prevention and mitigation of corrosion generates mid- to long-term returns, but governments and industrial investors are often more interested in quick wins, either for the next election or to satisfy shareholder demands for quick returns.
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