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European Hydrogen Energy Transition | NEWS | Dexon
May
Dexon Technology PLC Injects an Initial EUR 651,000 into Dexon Technology Europe to Fuel the Company’s European Expansion and Assist in the European Hydrogen Energy Transmission
Dexon Technology PLC (Dexon) has announced that it will be injecting an initial EUR 651,000 into its newly registered European subsidiary, Dexon Technology Europe (Dexon Europe), to fuel the company’s expansion in the region. The decision was approved by Dexon’s board of directors on the 5th of May 2023. The capital for the expansion was raised during the company’s recent listing on the Stock Exchange of Thailand’s Market for Alternative Investments (MAI).
Dexon Europe’s Dutch office is located in Tholen, The Netherlands, a location chosen for its proximity to Europe’s two largest ports, the Port of Rotterdam and the Port of Antwerp, as well as its central location on the European continent. Dexon Europe will focus on offering smart pigging services for both onshore and offshore oil and gas pipelines, as well as furnaces (fired heaters).
Europe is currently leading the world in the transition to Hydrogen, with the European Commission proposing to produce 10 million tons of renewable hydrogen by 2030 and import another 10 million tons by the same year. The transition will require the conversion of existing infrastructure to accommodate the production, transportation, and storage of hydrogen. Including oil and gas pipelines. These pipelines will require extensive inspection to accommodate hydrogen transportation and ensure safe operation.
The transportation of Hydrogen in carbon steel pipelines poses a number of cracking threats. Some which are generic to all steel pipelines although are exacerbated by hydrogen, and those which are hydrogen-specific.
Hydrogen-Embrittlement causes steel to weaken reducing the pressure and load these pipelines can withstand, while also potentially leading to Hydrogen-Induced Cracking (HIC) and Hydrogen-Induced-Stress-Corrosion Cacking (HISC). Material engineers have been grappling with the problem of Hydrogen Embrittlement for decades, as the introduction and absorption of hydrogen atoms can make steel more brittle and increase the risk of ruptures and explosions in pipelines. This risk has resulted in catastrophic failures of airplanes, helicopters, power plants, and pipelines in the past. The risk also extends to the transportation of hydrogen through steel pipelines, as these pipelines can absorb hydrogen over time, making them more susceptible to embrittlement. As a pipeline inspection and maintenance company, Dexon Technology is well aware of the risks associated with hydrogen embrittlement and is poised to assist clients in ensuring the safety and reliability of their infrastructure as the world transitions to hydrogen.
Dexon’s UT-CS Hawk ILI System, which was released in late 2022 with the successful inspection of a 108km pipeline in the Southeast of Canada has been specially designed to offer the detection and sizing of sub 1.0 mm cracking in oil and gas pipelines.
For more on the UT-CS follow the following links:
- Sub 1 mm crack measurement pipeline inspection launched in North America
- Download the UT-CS Hawk ILI brochure here
With Dexon’s expertise in pipeline inspection and the development of the UT-CS Hawk ILI system, the company is well-positioned to play a crucial role in the transition to hydrogen in Europe. The injection of EUR 651,000 into Dexon Technology Europe will allow the company to expand its operations and offer its services to clients across the continent.
The investment in Dexon Technology Europe demonstrates the company’s commitment to expanding its operations globally and positioning itself as a leader in pipeline inspection technology. With the world increasingly transitioning to renewable energy sources, new inspection technology will be required to address demand and ensure the safety of tomorrow’s energy production and transportation assets. Dexon is well-positioned to capitalize on this growing market.