Henkel invests in technology start-up for hydrocarbon leakages
Henkel Adhesive Technologies says it has strengthened its capabilities for predictive maintenance solutions by investing in Direct-C LTD (Direct-C), Edmonton, Canada. The company has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages. With the investment Henkel aims to further expand its maintenance, repair and overhaul (MRO) business and to drive the implementation of innovative digital applications.
Henkel Adhesive Technologies is one of the leading providers of MRO solutions in more than 800 different industry segments. Adhesives and sealants under the well-known Loctite brand improve the maintenance of production machinery and equipment for example in oil and gas plants, steel mills, car factories, mining equipment or power turbines around the globe. With the recent launch of Loctite Pulse Henkel offers a novel portfolio of Industrial Internet of Things (IIOT) solutions designed to minimize downtime, save maintenance costs and underpin safety as well as sustainability. These data-enabled solutions empower customers in various industries to increase maintenance efficiency and effectiveness by monitoring the status of critical assets. With the implementation of these IIOT solutions across its MRO portfolio Henkel further expands its offering beyond materials to create additional value for its customers.
“The combination of the Direct-C sensor technology and our broad MRO portfolio and expertise offers great potentials for innovative end-to-end solutions,” explained Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “The contributions of start-up technologies are crucial for us to develop predictive maintenance solutions for our customers. Together we aim to develop digital business models that help innovating our traditional MRO business towards the increasing demands for novel and efficient industrial IoT applications. Thus, the investment perfectly fits to our business strategy to implement and enable predictive maintenance solutions across industries under our constantly growing Loctite Pulse portfolio.”
Founded in 2014, Direct-C has developed a polymer nanocomposite sensor material that is adaptable to various polymer matrices and sensing parameters. The technology is specifically designed to react to liquid hydrocarbons and provides a sophisticated leak detection solution for the integrity monitoring of the oil and gas infrastructure. The technology enables significantly enhanced response times to unexpected incidents and helps limiting cost-intensive unplanned production downtimes.
“We are very pleased to receive this investment from Henkel as it comes at a crucial time when we plan to considerably scale our manufacturing capabilities and customer acquisitions in the hydrocarbon production and transportation markets,” added Adrian Banica, CEO of Direct-C. “More importantly however, we look forward to collaborating with Henkel’s MRO team and various initiatives and creating new and unique digital monitoring offerings for industrial equipment operators.”
