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EcoD SIGNED

EcoD – Bringing new life to cod waste turning it into protein powder for human consumption

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

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 EcoD project word cloud

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

raw    markets       2022    b2b    turning    profitable    beneficial    mainly    land    dairy    roi    population    tons    create    fish    volume    water    demand    roes    marketed    house    either       wholesalers    sourced    animal    consumption    is    powders    jobs    material    onto    onwards    intolerance    global    muscle    soft    investment    intake    billion    shifting    content    recommended    sustainable    with    human    seek    waste    environment    utilized    rest    quality    whey    depleting    milk    first    revenues    later    until    double    environmental    people    dietary    individuals    adding    additional       lesser    peas    arginine    5m    amino    protein    ecod    2050    fao    202    favoring    banned    cod    powder    emissions    elders    sources    allergy    food    urgent    commercial    segment    active    chinese    green    discarded    thanks    soy    physically    daily    acids    million    alternatives    cow    acid    eligible    eggs    iceland    casein    gas    entering    distributors    2026    launch    plant    glycine    restrictions    finalize   

Project "EcoD" data sheet

The following table provides information about the project.

Coordinator
ICELAND PROTEIN 

Organization address
address: KALMANSVOLLUM 6
city: AKRANES
postcode: 300
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 Iceland [IS]
 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 2019-12-01   to  2020-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ICELAND PROTEIN IS (AKRANES) coordinator 50˙000.00

Map

 Project objective

With a global population growth from 7.3 billion to 9.7 billion by 2050, the protein demand is expected to double from the current 202 million tons/year. Protein sources are either animal- or plant-based and their production is depleting the environmental given their high water and land utilization as well as the large Green House Gas Emissions during production. Therefore, there is an urgent need for shifting the production of protein onto a more sustainable path. Iceland Protein (IS) is facing this challenge by developing EcoD, the first rich-protein powder for human consumption sourced from soft cod roes, a rest raw material (2% of cod volume) highly rich in essential and non-essential amino acids mainly discarded as food waste with only 8% utilized to produce low-value products not for human consumption. With EcoD we exploit fish waste, making it profitable and with a lesser impact on the environment adding value and turning it into a high-quality product for human consumption. Currently, most protein powders are sourced from cow’s milk protein such as whey and casein, eggs, or soy and peas. These products are banned for people with dietary restrictions (allergy and intolerance to dairy products, allergy to eggs or soy). EcoD is eligible this segment of people while providing the FAO/WHO recommended daily intake of essential amino acids and, in most cases, higher amino acid content than commercial alternatives. Furthermore, EcoD is especially beneficial for physically active individuals and elders thanks to its high glycine and arginine favoring muscle strengthening. Our product will be marketed via our well-established distributors and wholesalers (B2B) to bring EcoD until our targeted end-users. With this project (€1.5M additional investment) we seek to finalize the development of the EcoD and launch it across Europe by 2022 onwards, and later entering the US and Chinese markets. Doing it we will create 5 jobs and €7.5 M in revenues by 2026 (ROI 5. 5).

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

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