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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.

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

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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