California based smart pipe innovator Tri-D Dynamics Inc and Japan based global steel distributor Marubeni Itochu Steel Inc have signed an agreement to develop smart pipelines that bring the benefits of digitally-connected infrastructure to the energy industry. Under the agreement, Tri-D will provide design and advanced manufacturing IP to integrate sensors and electronic components into MISI pipelines used in oil and gas production, in a market with over 14 million tonnes of demand in 2019.
Tri-D Dynamics Inc and Marubeni Itochu Steel Inc plan to develop smart pipes that will integrate sensors and electronics to enable digital supply chain tracking and bring the benefits of digitally connected infrastructure to the energy industry. Embedded sensors and electronics will enable digital tracking of the pipes, called Oil Country Tubular Goods, or OCTG, over their lifecycle from fabrication at the mill to transportation, storage and incorporation into the wellbore. The partnership will provide Exploration and Production customers with increased accuracy, reliability, transparency and efficiency for one of the most critical pieces of well infrastructure.
Tri-D's electronic tracking technology will be used in casings, lengths of pipe that are inserted into an oil or gas well to prevent the potentially disastrous effects of hydrocarbons leaking into the environment. The ability to fully trace how each segment of pipe was created, stored, transported and handled is imperative to maintaining quality and integrity in the well and ensuring safety. MISI plans to pair Tri-D's automated digital tracking feature with the security and transparency of blockchain data management to help digitize and track more than 1M metric tons of OCTG products MISI sells globally every year.