Total Cost of Ownership (TCO)

Total Cost of Ownership (TCO) is the complete cost of an asset over its entire lifecycle from purchase and installation to operation, maintenance, and disposal. It goes beyond the initial investment price and includes hidden costs such as downtime, repairs, and environmental impact.

Where is TCO important?

TCO plays a key role in industries with capital intensive assets:

• Oil & Gas – offshore platforms, refineries, pipelines.
• Petrochemical & Chemical plants – vessels, reactors, tank farms.
• Marine & Offshore wind – ships, turbine foundations, substations.
• Infrastructure & Power – bridges, cranes, power stations.

For you as an asset owner, TCO determines whether maintenance strategies actually save money in the long run.

Extra explanation

High initial costs do not necessarily mean high TCO. Factors that drive TCO include:

• Downtime – lost production is often the largest hidden cost.
• Maintenance frequency – poor surface preparation causes coatings to fail faster.
• Labor & clean-up – traditional blasting adds extra hours of non-value work.
• Environmental penalties – grit pollution or microplastics may trigger fines.

By reducing these hidden costs, companies can lower their total cost of ownership significantly.

Pinovo and TCO reduction

Pinovo helps reduce TCO by:

• Enabling parallel working → less downtime.
• Eliminating clean-up costs → dust-free and contained blasting.
• Extending coating lifetimes → consistent Sa 2½ and roughness.
• Preventing environmental impact → no microplastics, compliant with regulations.