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LUX Assure Receives Grant For CoMic™ Development - We are pleased to announce that LUX Assure, in collaboration with a major international Oil and Gas operator, has been awarded a grant by the TSB for the development of a new technology for corrosion mitigation in the Oil & Gas industry
LUX Assure Receives Grant For CoMic™ Development

 

PRZOOM - /newswire/ - Edinburgh, Midlothian, United Kingdom, 2009/09/29 - We are pleased to announce that LUX Assure, in collaboration with a major international Oil and Gas operator, has been awarded a grant by the TSB for the development of a new technology for corrosion mitigation in the Oil & Gas industry.

   
 
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The LUX Assure proposal for the “Maximising Recovery of UK's Oil and Gas Resources” competition was selected for support amongst proposals from numerous other industrial and academic collaborations. The competition, organised by the TSB (Technology Strategy Board), will invest nearly £5 million across ten projects in new research and development to find innovative technology solutions to help in maximising recovery of the UK’s hydrocarbon resources.

LUX Assure (luxassure.com) applies light-based detection methods to analyse oilfield fluids for their susceptibility to corrosion. The project combines LUX’s expertise in developing photonics solutions with their collaborator’s experience in the deployment and operation of production monitoring systems. The technology CoMic™ is based on detecting markers in the bulk fluid which indicate when the required amount of chemical inhibitor has been added to the system to prevent corrosion. It represents a new class of corrosion monitoring tool which can be applied across any system using film-forming corrosion inhibitors. In the upstream Oil & Gas industry, it will allow engineers to ensure that enough inhibitor has been applied to the system and can prevent corrosion damage from occurring. This is in contrast to established techniques which monitor the results of corrosive attacks, and provides a route to preventative treatment of systems which are critical for global energy supply.

The award will support the next phase of CoMic™ development, which will focus on the transformation of techniques which are routinely used in laboratories, into a system which can be deployed in harsh oilfield environments around the world.

“This award is an important recognition of the pioneering work that we are conducting towards the development of novel tools in the energy sector” said LUX Innovate Ltd CEO, Dr Artin Moussavi. “CoMic™ brings together detection solutions from the life science and nanotechnology sectors to provide a revolutionary tool to help prevent harmful breaches in the process environment. The funding received from the TSB will significantly accelerate progress towards the deployment of CoMic™, allowing us to help the industry with this difficult problem.“

 
 
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LUX Assure Receives Grant For CoMic™ Development

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Contact: Sarah Byrne - LUXInnovate.com 
+44(0)13 1516 7290 contact[.]luxinnovate.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LUX Innovate Ltd securities in any jurisdiction including any other companies listed or named in this release.

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