Shri M. A. Pathan, former Chairman, Indian Oil and former Resident, Director Tata Group (6th from left) chairing the session.
Ms Elaine Bowmen making the presentation..
Dr. R. K. Malhotra, Director General, PetroFed welcoming Ms Elaine Bowmen, past President of NACE with a bouquet of flowers.
Petrofed organized a Guest Lecture for the industry executives on 'International Corrosion Impact Study: Learning for Oil & Gas Industry' in collaboration with NACE International on April 25, 2016. Sh. M.A. Pathan chaired the session.
Ms Elaine Bowmen, past President of NACE made presentation on the outcome of their global study on the Impact of Corrosion with specific reference to Asia Pacific and India. The study, initiated by the NACE to examine the role of corrosion management in the industry and government and to establish the best practices , estimates the global cost of corrosion at USD 2.5 trillion which is equivalent to 3.4 % of global GDP.
Ms Elanie Bowmen mentioned that about 15- 35% of the cost can be realized by using available control practices. Awareness through education will improve corrosion management thus productivity.