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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.

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

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

Leaflet | Map data © OpenStreetMap contributors, CC-BY-SA, Imagery © Mapbox

 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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