This week it has been announced that global oil and gas service company, Tracerco, part of Johnson Matthey Plc, has received an Institute of Physics Award for Innovation for its breakthrough level measurement technology. The IOP Innovation awards recognise companies that successfully commercialise cutting edge physics based technology.
Tracerco has won this prestigious award for its ground-breaking TRACERCO™ LevelFinderPlus measuring device, uses high technology to provide operators with accurate level measurement of liquids in vessels, even in the presence of deposit build up and vapour density fluctuations.
The patented technology, which is the first and only instrument able to make these measurements, provides unparalleled insight into vessel operating conditions. Conventional level measurement systems can have errors of over 40% due to build up and vapour density fluctuations meaning that operators are unable to optimise processes, often leading to significant loss of production and potentially dangerous operating conditions.
Andy Hurst, Managing Director at Tracerco said "This is great testament to the outstanding physics innovation of the whole team. Our ethos is to strive for technical excellence in order to add value to our customers, and the TRACERCO™ LevelFinderPlus is an excellent example of how we apply science to overcome our customers’ most intriguing process challenges."
The TRACERCO™ LevelFinderPlus is designed for liquid level, interface and density measurements as well as solids monitoring in upstream and downstream vessels. It is suitable for the most challenging oil, chemical and petrochemical industry applications. It provides accurate level measurement in the presence of build up, reducing unplanned shutdowns, improved product quality, allowing process optimisation and operator confidence to increase production and maximise throughput.
On Wednesday 6 November, Tracerco will attend a reception in Parliament hosted by the Rt Hon Dr Vince Cable MP, Secretary of State for Business, Innovation and Skills with the formal awards ceremony following at the annual Institute of Physics dinner on Friday 15 November at the Lancaster London hotel.