Phillips 66 and Square Robot Team Up to Develop Storage Tank Inspection Robot
October 19 2017 - 10:00AM
Business Wire
Autonomous robot would enable petroleum storage
tanks to remain in service for tank floor inspections
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics
company, and Square Robot, Inc. are advancing into the unmanned
robotics inspection market through the joint development of an
autonomous robot that would have the capability to inspect
petroleum product storage tank floors while product remains in the
tank. The untethered robot is being designed and will be certified
for use in a wide range of petroleum products. The robot is
expected to enter service in mid-2018.
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Aboveground storage tanks are routinely removed from service to
be drained, opened and cleaned at great expense in order to
evaluate tank bottoms. The new robot is being developed to
automatically survey and map obstacles within a tank -- while the
tank remains in static service -- creating a specific route map
allowing maximum coverage of the tank floor. Using the
non-destructive testing (NDT) data gathered, a certified inspector
will produce a floor thickness map allowing for a more accurate
prediction of a tank floor’s remaining life.
“Our collaboration with Phillips 66 provides access to a
significant team of experts in NDT inspection, safety, procedures
and operations,” said Eric Levitt, Square Robot co-founder. “As a
start-up, we would not have access to these tremendous resources
outside of our core business of developing autonomous robots for
confined spaces.”
“Ensuring the integrity of our equipment is one of our top
priorities and we are always looking for innovative new
technologies to help us achieve this,” said Todd Denton, general
manager, Midstream Operations, Phillips 66. “Our collaboration with
Square Robot presents a unique opportunity to develop technology
that will enable us to maintain our equipment and minimize
disruption to our customers.”
About Square Robot, Inc.
Square Robot was started by three Subsea Robotics professionals
in May 2016, specifically to address the growing need for swimming
autonomous robots for Oil and Gas applications. Aside from
terrestrial tanks, the same autonomous hovering technology will
have broad ranging applications for subsea infrastructure
inspection. The rapidly growing Boston based start-up has recently
completed a first round of fundraising and currently employs 12
engineers. The company intends to launch a tank floor inspection
service business in Houston during the summer of 2018.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
an integral asset in the portfolio. Headquartered in Houston, the
company has 14,600 employees committed to safety and operating
excellence. Phillips 66 had $52 billion of assets as of June 30,
2017. For more information, visit www.phillips66.com or follow us
on Twitter @Phillips66Co.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE
“SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This news release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which are intended to be covered by the safe harbors
created thereby. Statements in this press release that are not
purely historical are forward-looking statements. These statements
are not guarantees of future performance or outcomes and involve
certain risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecast in such
forward-looking statements. Forward-looking statements herein
include statements regarding Square Robot’s efforts to develop and
commercialize the technology with the capabilities, and Phillips
66’s ability to use the technology, as described in this press
release. Factors that could cause actual results to differ
materially include, but are not limited to, technical or legal
issues that may arise in the development, protection or
commercialization of the technology, as well as the possible
introduction by others of competitive technology. These factors
could, among other things, delay or prevent the development of the
technology and Phillips 66’s expected benefits therefrom. The
forward-looking statements contained herein are made only as of the
date of this press release and neither Square Robot nor Phillips 66
undertake any obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20171019005775/en/
Square RobotEric Levitt,
617-274-8389 ext. 7801eric@squarerobots.comorPhillips 66Jeff Dietert, 832-765-2297
(investors)jeff.dietert@p66.comorRosy Zuklic, 832-765-2297
(investors)rosy.zuklic@p66.comorC.W. Mallon, 832-765-2297
(investors)c.w.mallon@p66.comorDennis Nuss, 832-765-1850
(media)dennis.h.nuss@p66.com
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