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SynOil SIGNED

Taking SynOil to the market: Synthetic oil (SynOil) from plastic waste with the molten zinc reactor

Total Cost €

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EC-Contrib. €

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Partnership

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 SynOil project word cloud

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

options    treat    transfer    ban    returns    oil    proposition    throughput    figure    followed    excellent    molten    tyre    pcbs    requiring    treatment    million    licence    named    irr    delivers    classifies    plants    printed    size    special    dealing    japan    plastics    wastes    dec    opportunity    stage    25    summary    mainly    ltd    diesel    reducing    crl    recycling    synthetic    import    composite    patent    plastic    business    operator    signed    municipals    company    export    pressure    innovation    hazardous    requirement    global    pillar    boards    zinc    profitable    depending    commercial    burden    canada    demonstration    back    producers    shift    incl    owns    waste    circuit    sending    lack    local    heat    solution    strategy    founded    synoil    fastest    turn    pieces    commercialize    2019    reversal    market    commercialization    chinese    recyclers    2012    financial    industrial    worldwide    hence    plant    world    2017    model    incineration    recyclable    landfill    demonstrator    presenting    regulatory   

Project "SynOil" data sheet

The following table provides information about the project.

Coordinator		 COMPOSITE RECYCLING LIMITED 

Organization address
address: THE RUBICON CENTRE CIT CAMPUS BISHOPSTOWN
city: CORK
postcode: T12 Y275
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 Ireland [IE]
 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 2019-11-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    COMPOSITE RECYCLING LIMITED IE (CORK) coordinator 50˙000.00

Map

 Project objective

In Europe, the US and elsewhere, many municipals are sending more plastic waste to landfill or incineration for lack of other options. This reversal is due to the Dec. 2017 Chinese import ban on plastic waste. Moreover, the regulatory pressure on plastic recycling is increasing: in May 2019 the EU and most other states signed an agreement, which classifies plastic waste as hazardous, greatly reducing the capabilities of EU member states to export plastic waste to the third world and, hence, requiring treatment within the EU. In summary, the burden of dealing with plastic waste will shift back to Europe, the US, Canada and Japan presenting a large, global business opportunity for Composite Recycling Ltd (CRL).

Product & value proposition: CRL owns the patent to turn plastics waste into synthetic oil by treatment with molten zinc. This innovation named SynOil delivers highly profitable plastic waste incl. non-recyclable plastics to synthetic oil plants as SynOil is the fastest possible solution to treat plastic wastes due to heat transfer.

Target-users of SynOil are plastic waste recyclers, municipals and industrial plastic waste producers worldwide.

Market size: Worldwide about 100 SynOil plants are required. The financial returns for an operator are excellent with IRR’s over 25%depending mainly on throughput, but also local market conditions and other factors.

The next step in the SynOil project is the demonstrator scale unit – followed by commercialization. The funding requirement for the demonstration stage is between €1.5 and 8.0 million. The higher figure of €8.0 million is for the special case of a commercial plant for large plastic pieces.

Company: CRL was founded in 2012 to commercialize our waste tyre and printed circuit boards (PCBs) recycling processes. SynOil – waste plastic to oil or diesel – is yet another pillar in our growth strategy.

Business model & commercialization: CRL will use the licence and design business model to commercialize SynOil.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "SYNOIL" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

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

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