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EcoD SIGNED

EcoD – Bringing new life to cod waste turning it into protein powder for human consumption

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

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 EcoD project word cloud

Explore the words cloud of the EcoD project. It provides you a very rough idea of what is the project "EcoD" about.

material    global    b2b    human    powders    daily    sources    content    entering    is    beneficial    animal    intake    allergy    finalize    investment    additional    double    2026    intolerance    recommended    emissions    fish    alternatives    banned    billion    fao    roes    elders    amino    discarded    individuals    2050    segment    sourced    first    water    powder    wholesalers    environment    launch    mainly    food    people    waste    roi    demand    onto    commercial    either    quality    turning    distributors    glycine    land    revenues    marketed    consumption    population    whey    ecod    soy    with    thanks    chinese    later    create    onwards    plant    dietary    iceland    cod    soft    restrictions    202    5m    favoring    peas    muscle    tons    seek    arginine    2022    gas    shifting    eggs       volume    acids    protein    profitable    milk    markets    environmental    physically    acid    lesser    eligible       million    jobs    urgent    active    green    sustainable    cow    rest    house    until    dairy    raw    adding    utilized       casein    depleting   

Project "EcoD" data sheet

The following table provides information about the project.

Coordinator
ICELAND PROTEIN 

Organization address
address: KALMANSVOLLUM 6
city: AKRANES
postcode: 300
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Iceland [IS]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ICELAND PROTEIN IS (AKRANES) coordinator 50˙000.00

Map

 Project objective

With a global population growth from 7.3 billion to 9.7 billion by 2050, the protein demand is expected to double from the current 202 million tons/year. Protein sources are either animal- or plant-based and their production is depleting the environmental given their high water and land utilization as well as the large Green House Gas Emissions during production. Therefore, there is an urgent need for shifting the production of protein onto a more sustainable path. Iceland Protein (IS) is facing this challenge by developing EcoD, the first rich-protein powder for human consumption sourced from soft cod roes, a rest raw material (2% of cod volume) highly rich in essential and non-essential amino acids mainly discarded as food waste with only 8% utilized to produce low-value products not for human consumption. With EcoD we exploit fish waste, making it profitable and with a lesser impact on the environment adding value and turning it into a high-quality product for human consumption. Currently, most protein powders are sourced from cow’s milk protein such as whey and casein, eggs, or soy and peas. These products are banned for people with dietary restrictions (allergy and intolerance to dairy products, allergy to eggs or soy). EcoD is eligible this segment of people while providing the FAO/WHO recommended daily intake of essential amino acids and, in most cases, higher amino acid content than commercial alternatives. Furthermore, EcoD is especially beneficial for physically active individuals and elders thanks to its high glycine and arginine favoring muscle strengthening. Our product will be marketed via our well-established distributors and wholesalers (B2B) to bring EcoD until our targeted end-users. With this project (€1.5M additional investment) we seek to finalize the development of the EcoD and launch it across Europe by 2022 onwards, and later entering the US and Chinese markets. Doing it we will create 5 jobs and €7.5 M in revenues by 2026 (ROI 5. 5).

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The information about "ECOD" are provided by the European Opendata Portal: CORDIS opendata.

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