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InnovOleum

An innovative business model: turning domestic used cooking oil into renewable “fuel” for education and entrepreneurship

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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 InnovOleum project word cloud

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

transformed    attracted    used    begin    solution    cyprus    source    protection    generally    unemployed    returned    framework    school    households    youth    feedstock    blueprint    informal    conversion    world    society    promotes    innovation    self    student    gap    education    previously    innovative    market    sale    niche    schools    overcomes    cooking    green    entire    resource    income    waste    children    bundle    replication    energy    profit    services    consultancy    coupled    directive    domestic    oriented    licensing    harmful    hospitality    setting    sustained    excellent    oil    854    collection    isotech    countries    franchising    environmental    tiganokinisi    jobs    business    opportunity    hubs    educational    neighbourhood    obstacles    extremely    economy    international    vulnerable    ngos    untapped    proven    infrastructure    biodiesel    helps    fact    though    technologies    efficiency    uco    renewable    formal    tightly    replicate    scheme    household    biofuel    groups    meet   

Project "InnovOleum" data sheet

The following table provides information about the project.

Coordinator
ISOTECH LTD 

Organization address
address: KALLIOPIS ST 1 & LARNAKOS AV OFFICE 401
city: LEFKOSIA
postcode: 2154
website: www.isotech.com.cy

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 Cyprus [CY]
 Project website http://www.isotech.com.cy/innovoleum
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.5. (SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-03-01   to  2018-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ISOTECH LTD CY (LEFKOSIA) coordinator 50˙000.00

Map

 Project objective

Used cooking oil (UCO) is an excellent feedstock for advanced biofuel production. In fact, the market for the conversion of used cooking oil (UCO) from the hospitality sector into biodiesel is well established. However, even though around 854,000 tonnes of used cooking oil is produced from households in Europe, the extremely promising market of domestic UCO is generally untapped. In Cyprus, this market gap is being addressed by an innovative project that, through a solution-oriented approach, has proven that a harmful waste can be transformed into a source of income and innovation for the most vulnerable groups of our society: children and unemployed youth. Project “Tiganokinisi” makes schools the collection hubs of domestic used cooking oil, with each student bringing oil from her/his household and neighbourhood. The profit from the sale of the UCO is returned to the school for the implementation of green technologies and infrastructure. The entire initiative is tightly coupled with educational innovation (formal, informal and non-formal education). The project, which overcomes several of the obstacles previously identified in domestic UCO collection and which can become self-sustained within 5 years, promotes resource efficiency and environmental protection, while creating jobs in a niche market of the green economy. It helps Member States meet several EU targets related to the Waste Framework Directive, Resource Efficiency and Renewable Energy. It has therefore attracted the attention of NGOs around Europe and the world. There is international interest to replicate its success, and therefore there is a business opportunity. As such, ISOTECH, aims to develop a “blueprint” that will allow the replication of Tiganokinisi in other countries, through a licensing/franchising scheme that will begin with the implementation of a bundle of consultancy services and support for setting up the project.

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

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