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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.

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

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

Leaflet | Map data © OpenStreetMap contributors, CC-BY-SA, Imagery © Mapbox

 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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