The main objective of this FS was to ensure that Paper-P meets the technical, commercial & financial requirements for its successful implementation and commercialization.
Main results: 1) Production and operation cost analysis: a detailed cost breakdown of Paper-P (4,000 ton/y) and WW-P plant (1,000m3/y): materials required for Paper-P (1,97M€) and WW-P plant (65,000), labor cost, installation cost, transportation, royalties (6%) and 4% of margin after general expenses during 1st year, the final selling price for first units will be 2,5M€ and 130,000€ respectively. 2) Key partners: a) University of Bologna as co-owner of Paper-P patent will receive royalties and will collaborate during ph2 execution, proving equipped laboratories for demo plants testing’s. b)Project partner: we have contacted several engineering companies that could be potential partners to develop extraction system of Paper-P, c)Softer, PHA compounder, that will test PHA samples of demo plants, d)Commercial partners: ESKO will cooperate for sales networking and distribution around Europe. Consortium Gran Terre, cheese manufacturer association, is interested in installing WW-P plants. We have received supporting letters form: PHA compounders (Gruppo Main Softer Group, Lati Industria Termoplastica and Gruppo Maip), retail and food sector companies (COOP, Loacker). And have preselected equipment’s providers, e.g.: BM srl for auger &pyrolizer, Sungen for dryers). 3) Market analysis & commercialization strategy: we will focus on 2 target markets: 1) WWTP of cheese manufacturers, as a quick & strategic approach to PHA market, 2) Large printers market. 4) Patentability study: we confirm a freedom to operate analysis and Intellectual Protection Strategy to protect technology and trademark, and extend Paper-P patent around Europe. 5) Financial plan: from a detailed 3 years sales forecast we estimate revenue of 16,7M€: 1) Paper-P sales (13,1M€) and WW-P sales (1,5M€), 2) PHA sales: Bio-pro will collect our customers’ PHA, and sell it in two dfferent ways: A) PHA from WW-P plants, we will manufactured as 3D wire, and then sold at 20€/kg (210,000 €); and B) PHA from Paper-P plants, will be sold for 6€/kg to PHA compounders (834,099 €). 3) After sales services (1,07M€) to maintain the efficiency of our technology, Paper-P (75,000€/year) and WW-P (13,000€/year). Paper-P offers economic benefits for end users, an average ROI=20% (considering market volatility), and mid-term ROI of 40% for recyclers.
