Objective
Out of 100 billion tons of resources entering the economy every year - from metals, minerals, and fossil fuels to organic materials - only 7.2% are circled back. This is a decline from 9.1% in 2018, and 8.6% in 2022, despite over 100 billion EUR private and public investments into circular economy in the EU. Solving this problem can lead to 4.5 trillion EUR of business opportunities, 6 million high value-added jobs and a potential to reduce the global GHGE by 39%.
Value chain generator (VCG) offers a promising way to solve those problems by exploiting deep tech and novel approaches to build circular value chains, which have emerged as a strategic EU tool to direct decarbonization investments and improve resource efficiency. It is a cloud platform that uses AI and big data to digitally and in real-time build circular value chains enabling the exchange of (industrial) residuals between millions of companies embracing circularity. For example, 42 million tons of Brewers Spent Grain, the main by-product of the beer brewing process, can be turned into raw material for bioplastics, biofuel, alternative proteins, or chemicals, which are in high demand in the automotive, pharma, food and beverages, and the energy industries, with a ROI of 172% for a mid-sized brewery and GHGE savings of 19,387 tons of CO2 or 5,291 tons of carbon annually.
Exploring multidimensional synergies between materials, technologies, and climate/financial metrics, VCG enables businesses to make informed decisions and investments, fostering a circular economy that decarbonize supply chains, minimizes waste (potential to valorize over 100 million tons of residuals by 2032), reduces CO2 emissions (64 million tons savings by 2032), and maximizes ROI (up to 600%). To keep the competitive edge, adhere to the ambitious environmental goals and succeed in the demanding markets, the worlds industry must make complex decisions regarding their value chains in the coming years, and this is where VCG can help.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology other engineering and technologies food technology
- agricultural sciences agriculture, forestry, and fisheries agriculture grains and oilseeds
- engineering and technology environmental engineering energy and fuels
- engineering and technology industrial biotechnology biomaterials bioplastics
- engineering and technology industrial biotechnology biomaterials biofuels
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC - HORIZON EIC Accelerator
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2024-ACCELERATOR-02
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
70197 Stuttgart
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.