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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.

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

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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