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LycoSOL SIGNED

Feasibility Analysis on the Extraction of Lycopene from Tomato Peel through Organic Synthesis

Total Cost €

EC-Contrib. €

Partnership

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LycoSOL project word cloud

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

insects cochineal waste polish plants deep benefits capitalising food industry 2023 2018 stop link launch bright decades synthetic health 113m lycopene colouring first extracts 100 biocapsol tomato types benign question nutraceuticals lycosol desirable aluminium cagr name disorder children colour adversely dyes behavioral trl6 red artificial nesquik phytochemicals advocacy parents environmentally encapsulating public salt stage chemistries safety tactic market colours 117m replacing 10 groups grow industrial size hyperactivity deficit mentos notably pigment paste nestle e120 carmine annually amounts formulate foods adhd carminic appealing acid ingredients extracting vegetables certain scientific share sustainable 5 diagnosed natural linked commercialization global carotenoids rainbow content biological cancer animals

Project "LycoSOL" data sheet

The following table provides information about the project.

Coordinator	BIOCAPSOL KIMYA ANONIM SIRKETI Organization address address: SANAYI MAHALLESI TEKNOPARK BULVARI 1/1A BLOK 109-110-111 city: PENDIK ISTANBUL postcode: 34906 website: n.a. 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	Turkey [TR]
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-1
Funding Scheme	SME-1
Starting year	2019
Duration (year-month-day)	from 2019-08-01 to 2020-01-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	BIOCAPSOL KIMYA ANONIM SIRKETI BIOCAPSOL KIMYA ANONIM SIRKETI Organization address address: SANAYI MAHALLESI TEKNOPARK BULVARI 1/1A BLOK 109-110-111 city: PENDIK ISTANBUL postcode: 34906 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	TR (PENDIK ISTANBUL)	coordinator	50˙000.00

Map

Project objective

Artificial food colouring makes the foods more appealing and desirable, a tactic the food industry has been capitalising on for decades. One of the most used artificial food colouring is Carmine or E120 (Used in Nestle Nesquik, Rainbow Mentos, etc.) a pigment of a bright-red colour obtained from the aluminium salt of carminic acid, which is produced by some scale insects, such as the cochineal scale and the Polish cochineal, and is used as a general term for a particularly deep-red colour of the same name. While the safety of these dyes has been called into question, consumer advocacy groups and recent scientific research have linked these food dyes to a number of potential health problems, most notably, certain types of cancer in animals and attention-deficit disorder and hyperactivity in children. The link between artificial colours and behavioral problems is a concern, especially for parents of children diagnosed with ADHD. LycoSOL extracts and formulate natural ingredients (nutraceuticals and phytochemicals) from the waste products of food processing, by using (i) biological, (ii) sustainable and (iii) environmentally friendly, novel processes to stop the use of synthetic food colouring, known to adversely affect the public health and replacing them by ingredients with major health benefits. BioCapSOL aims to provide an improved process for extracting and encapsulating biological content from plants and vegetables using benign chemistries that can be applied at an industrial scale. The LycoSOL extracts the carotenoids from waste by-products of tomato paste production through a 100% natural and low-cost production method. LycoSOL is currently at TRL6 stage. The global market size for lycopene amounts to €113M in 2018 and the market is expected to grow annually by 3.5% (CAGR 2018-2023) is estimated to be more than €117M. BioCapSOL aims to achieve between the 5 to 10% of market share in the first five year from the commercialization launch.

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