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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.

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

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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