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BUSINESS CASE ASSESSMENT FOR BIOCOAL MARKET UPTAKE

Project description

Promoting biocoal broader industrial adoption

Researchers are building on H2STEEL that developed green hydrogen and circular biocoal from biowaste for competitive, low-carbon steel production. The EIC-funded BCA-BIOCOAL project will expand the use of biocoal from this research beyond steelmaking to construction materials, offering potential for higher value and significant carbon footprint reductions. It will include market analysis, feasibility studies and a business case for biocoal incorporation into cement-based products and other construction products and materials. Key activities will involve assessing technical viability and market demand, definition of the market strategy and business case development. RE-CORD will undertake assessments, ensuring the project aligns with overarching sustainability goals and statutory obligations. The project thus ultimately aims at promoting a sustainable and profitable rollout of biocoal beyond steelmaking.

Objective

The proposed Booster Grant aims to expand the application of biocoal produced in the H2STEEL project beyond steelmaking to include cement manufacturing, potentially offering higher added value and significant carbon footprint savings. A comprehensive market analysis, technical and economic feasibility studies, and the development of a business case for biocoal in various industrial sectors are essential components of the proposal.

Key activities include assessing the technical viability and market demand for biocoal, identifying strategic industrial contacts, and analyzing the impact of the European Trading Scheme on target industries. RE-CORD, leveraging its expertise and established infrastructure, will lead the assessment and experimental tasks, ensuring the project's alignment with EU sustainability mandates.

The work package structure covers market assessment, strategy definition, and business case development. These will involve evaluating market dynamics, competitive landscape, financial viability, and operational strategies for biocoal introduction. The ultimate goal is to convince funding evaluators of the necessity to support the project for achieving a sustainable, profitable market rollout of biocoal, thereby extending the environmental and economic impacts of the H2STEEL innovations.

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Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

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HORIZON-CSA - HORIZON Coordination and Support Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-EIC-2024-BOOSTER-IBA-01

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Coordinator

CONSORZIO PER LA RICERCA E LA DIMOSTRAZIONE SULLE ENERGIE RINNOVABILI
Net EU contribution

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.

€ 50 000,00
Address
VIALE KENNEDY 182
50038 Scarperia E San Piero
Italy

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Region
Centro (IT) Toscana Firenze
Activity type
Research Organisations
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Total cost

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