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The government has recently passed new regulations concerning pipeline risk assessment. They have declared that over the next seven years, ALL pipelines should be assessed. Although they are not mandating pigging, it will be required in order to properly assess the conditions of the pipelines.
The mandate states that within the first 3-1/2 years, 50% of all pipelines must be assessed, with the remaining 50% being accomplished within the following 3-1/2 years. We assume, from past experience, that most companies will wait until the last minute, so two years from now should be phenomenal in sales. However, some companies are taking steps to begin with the assessment process.
As always, we will be keeping you up-to-date of any news.
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