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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.

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

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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