Objective The plastic Polyethylene Terephthalate (PET) is one of the most used non-biodegradable materials on the planet. In 2010,demand was 12,621,553 tonnes and it is forecast to grow to 23,452,287 tonnes by 2020. This continuous annual growthhighlights a devastating problem facing all of humanity. In addition to this increase in the consumption of plastic, and thedifficulties of plastic disposal, there is an incapability of plastic manufacturing companies to control the productionadequately. In fact, they endure the instability inherently caused by PET raw material variation, the resulting scrap rates, andthe low possibility to use recycled material.ACCUCOLOUR reduces these impacts with “PET Plastic Yield”, an advanced product composed of new materials and anew manufacturing process, equipped with constant monitoring. PET Yield enables plastic packaging manufacturers: ahigher efficiency in the entire manufacturing process; a 4% reduction in scrap rates, and an increased potential for use ofrecycled material between 50% (in food packaging) and 100%. Increasing the use of recycled PET and decreasing scraprates, ACCUCOLOUR will have a substantial impact on the health of the environment, especially on the marine ecosystemin Europe.Further, over 30 positions will be created at ACCUCOLOUR alone, not including indirect growth for customers.ACCUCOLOUR's role in the market will be very strong as it will be physically close to the main potential clients in order tofoster face-to-face relationships. During the Phase 1 feasibility study the project will focus on identifying and securing the keypartners required for commercialisation, establishing a sound business model and commercialization strategy. Fields of science engineering and technologymechanical engineeringmanufacturing engineeringengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringcontrol systemsengineering and technologyother engineering and technologiesfood technologyfood packagingsocial scienceseconomics and businesseconomicssustainable economyengineering and technologyenvironmental engineeringwaste managementwaste treatment processes Programme(s) H2020-EU.3.5. - SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-11-2016-2017 - Boosting the potential of small businesses in the areas of climate action, environment, resource efficiency and raw materials Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator ACCUCOLOUR LIMITED Net EU contribution € 50 000,00 Address 2 PARKER HOUSE MYRTLE THE COAST BALDOYLE D13WY97 DUBLIN Ireland See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Ireland Eastern and Midland Dublin Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00