Opendata, web and dolomites
  1. home
  2. trasparenza
  3. open h2020
  4. synoil

SynOil SIGNED

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

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 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.

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

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.

More projects from the same programme (H2020-EU.3.;H2020-EU.2.3.;H2020-EU.2.1.)

DeltaQon (2019)

IOT and cloud computing for online medical analysis service platform

Read More  

Click and Spray (2020)

A SIMPLER, CHEAPER AND EASIER TO RECYCLE AEROSOL CONTAINER

Read More  

VINOQUANT11SUPERPLUS (2019)

A digital based system for measuring, showing and regulation of the complexe system of wine feremtation with high precision via a Bluetooth -Refractometer, a Software and a Bluetooth Thermostat

Read More