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InnovOleum

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

Total Cost €

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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.

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

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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