The goal of this project is to provide materials engineers, chemical engineers and plant operators with a software tool that will enable them to predict localized corrosion of process equipment including fabricated components as well as base alloys. For design and revamp purposes, the software predicts the occurrence of localized corrosion as a function of environment chemistry and assists the user in selecting the optimum alloy for a given environment. For the operation of existing plants, the software enables the users to predict the remaining life of equipment and help in scheduling maintenance activities. This project combined fundamental understanding of mechanisms of corrosion with focused experimental results to predict the corrosion of advanced, base or fabricated, alloys in real-world environments encountered in the chemical industry. At the heart of this approach is the development of models that predict the fundamental parameters that control the occurrence of localized corrosion as a function of environmental conditions and alloy composition. The fundamental parameters that dictate the occurrence of localized corrosion are the corrosion and repassivation potentials. The program team, OLI Systems and Southwest Research Institute, has developed theoretical models for these parameters. These theoretical models have been applied to predict the occurrence of localized corrosion of base materials and heat-treated components in a variety of environments containing aggressive and non-aggressive species. As a result of this project, a comprehensive model has been established and extensively verified for predicting the occurrence of localized corrosion as a function of environment chemistry and temperature by calculating the corrosion and repassivation potentials.