Work performed during the reporting period has been carried out from May 2015 to August 2015, covering the following tasks to assess the technical, commercial, and financial viability of our COSYNAT solution proposal.
Task 1: Determination of the detailed scope of the project, by estimating the timing, budget, and specific activities required for the design, manufacturing, testing, optimization, and commercialization of the COSYNAT solution.
Task 2: A cost estimation of the COSYNAT reactor as well as the CHP operating with COSYNAT gasification technology for an initial 0.3MWe power capacity has been carried out. Production costs have also been estimated when scaled up to 0.6 0.8 and 2.4MWe.
Task 3: A deep intellectual property and regulations analysis (IPR) have been carried out in order to assess the COSYNAT solution freedom-to-operate status. The patent of others have been analysed to determine whether the COSYNAT solution infringed any other patent claim.
Task 4: A thorough research of the COSYNAT target market has been done: supply vs demand, future trends, financial benefits, government support, and funding opportunities are included.
Task 5: The Market Study also refines the analysis of the potential competitors, showing evidences of the COSYNAT project profitability in the market “niche” and the target markets while emphasizing the competitive advantages of the COSYNAT solution.
Task 6: A commercialization strategy of the COSYNAT solution has been elaborated. To get into direct contact with potential clients various channels will be used: trade fairs, conferences, flagship projects, and OEMs to easily reach European countries. Other communication ways such as a web page and publications will be also used.
Task 7: The financial assessment of the COSYNAT solution set the business margins for entering the market of small-scale WtE plants via gasification, considering the first sales activity in 2018 and a prediction of sales and benefits until 2022.
In addition, a business plan has been done to complete the COSYNAT marketing strategy in line with the current state and future commercial plans of the project.