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LycoSOL SIGNED

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

Total Cost €

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EC-Contrib. €

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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.

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

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 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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The information about "LYCOSOL" are provided by the European Opendata Portal: CORDIS opendata.

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