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NACE Tallying Corrosion’s Global Cost

Tuesday, November 19, 2013

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NACE International has launched a two-year global study to determine the financial and societal toll of corrosion on infrastructure, utilities, transportation, the military and other sectors.

The study will be led by Elaine Bowman, former NACE president and a longtime corrosion industry advocate.

Using international, regional and academic research, the study will focus on economic data to provide statistics and models that asset owners can use for preservation, management or replacement, according to NACE.

Cost of Corrosion

"Corrosion is an inevitable but controllable process, which can result in destructive—even catastrophic—incidents when not properly prevented and managed," Bowman said in a press release.

NACE corrosion study
Photos: NACE

NACE's global study on the cost of corrosion will include international, regional and academic research, and will provide both direct and indirect costs.

"Costs associated with corrosion control include direct expenses like repair and replacement of assets, but there are additional costs—indirect costs like production lost due to closure for repairs, or the environmental and physical impact of corrosion-related failures."

The NACE study will explore both direct and indirect costs, identifying ways to save as much as 30 percent, Bowman said.

Elaine-Bowman

Former NACE president Elaine Bowman will direct the two-year initiative.

Bob Chalker, NACE's Executive Director, said, "This is an essential study for industry stakeholders and governments worldwide. It will be the most comprehensive study to look at costs associated with the impact of corrosion, and the resulting data will contribute to future project plans, regulations, education, and more."

2001 Study

In 2001, a study funded by the U.S. Congress estimated the annual direct cost of corrosion in the U.S. at $276 billion. The study, supported by NACE and overseen by the Federal Highway Administration, led Congress to develop a Corrosion Policy and Oversight office within the Department of Defense.

According to NACE, this office has demonstrated up to a 40:1 return on investment for corrosion control programs implemented by the DOD. It also resulted in support for the world's first undergraduate degree in corrosion—a corrosion engineering program now underway at The University of Akron.

About NACE

NACE was founded in 1943 and is headquartered in Houston, TX. The associated serves 32,000 members in 130 countries.

   

Tagged categories: Corrosion; NACE; Research

Comment from Mohammed Behiyat, (11/19/2013, 5:28 AM)

Absolutely vital research in evaluating global cost of corrosion which include associated with direct and indirect costs.


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