A new European Commission backed competition has been launched to find solutions to renewables corrosion in the North Sea and save £74 billion.
Created by supply chain partnership group the North Sea Solutions for Innovation in Corrosion for Energy (NeSSIE) project, the competition will seek to develop commercial solutions for corrosion by 2050.
Security, affordability and environmental sustainability will be considered as the competition shortlists three leading companies to develop a range of solutions and create up to £74 billion in supply chain opportunities across Europe.
The project will be run in two stages that will particularly target North Sea renewables corrosion.
Scottish energy minister, Paul Wheelhouse said:”There is still considerable potential for expansion within the sector and we’re determined that new technologies , developed entirely in Scotland or in partnership with others will play a central part in delivering this.
“Scotland also has a world class subsea supply chain that has been tackling corrosion issues during more than 40 years of working in the offshore oil and gas sector in the North Sea Basin and we believe this expertise can be deployed in new and exciting sectors such as offshore wind, offshore floating wind and marine energy.”
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