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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.

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

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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