Circular and sustainable use of lubrication oil
|Coordinator||RECONDOIL SWEDEN AB|
|Funding from Vinnova||SEK 450 000|
|Project duration||November 2016 - June 2017|
|Venture||Challenge-Driven Innovation – Stage 1 initiation|
|Call||Challenge-Driven Innovation - Stage 1 Initiation 2016 (autumn)|
Purpose and goal
The overall purpose with RecondOil´s Double Separation Technology (DST) is to improve industrial use of lubrication oil, by enabling circular use based on a circular economy. Fulfilment: The project, Step 1, has confirmed the technical (DST) and the market potential (in terms of customer needs, business model, and financials).
Expected results and effects
Suez has been tied to the project, whereby a long term cooperation is the expected outcome. A new design of the automated equipment that delivers DST and thereby enables regeneration and circular use of different types of lubrication oil is under development. The expected outcome of this is that ROCCO Industry 2.0 will next be built and used in step 2 of the project.
Planned approach and implementation
The work has to a large extent been carried out through market contacts. The dual purpose of this has been to develop business relationships and to gather market intelligence and information. The work has in general proceeded according to plan and the quality of the information captured has met the expectations. In other words, the project has provided a solid knowledge base from which the next step of the project now can be taken. This means that partners, business model and oils/segments of priority are known.