Device for reduction of emissions and fuel consumption, optimizing combustion by treatment of fuel on the vehicle

Informazioni relative al progetto

ECO CARS

ID dell’accordo di sovvenzione: 744112

DOI

10.3030/744112

Progetto chiuso

Data della firma CE 19 Novembre 2016

Data di avvio 1 Dicembre 2016

Data di completamento 31 Maggio 2017

Finanziato da

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

ENCOLNVEST INTERNATIONAL SL
Spain

Periodic Reporting for period 1 - ECO CARS (Device for reduction of emissions and fuel consumption, optimizing combustion by treatment of fuel on the vehicle)

Periodo di rendicontazione: 2016-12-01 al 2017-05-31

Sintesi del contesto e degli obiettivi generali del progetto

Road transport contributes about one-fifth of the EU's total emissions of carbon dioxide (CO2). In particular heavy-duty vehicles (trucks and buses) are responsible for about a quarter of CO2 emissions from road transport in the EU and for some 6% of total EU emissions.

ECO-CARS® is a fuel optimizer able to achieve a more efficient combustion, applicable in internal combustion engines. It reduces fuel consumption and gas emission in any kind of vehicle by treating the fuel with a patented solution that inhibits the influence of external magnetic / radio-electric / electromagnetic fields. ECO-CARS® allows to:
• Reduce fuel consumption around 10%.
• Reduce emissions of pollutant gases around 50%.

The main conclusions of the action are:
• Feasibility assessment completed. The business opportunity has been confirmed.
• The company has decided to move forward and continue with the plan for ECO-CARS exploitation.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

From the beginning of the project, the progress we have worked on can be divided into:
• Market studies conducted in each one of the potential countries, prioritizing them according to:
- Target audience.
- Market needs.
- Willingness to pay for ECOCARS in target market.
- CBA analysis.
• Identification of potential clients that can be invited to the product demonstration in phase 2.
• Identification of certification and homologation needs to be met for the target markets.
• Identification of main trade fairs and events in the sector and other key actions building ECO-CARS communication strategy.
• Evaluation of competitors and substitutive technologies/solutions.
• Identification of potential distributors for large countries where ECOCARS will not be directly commercialised by ENCOL.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

With the implementation of our technology in diesel and gasoline engines, it is estimated a direct impact on emissions of polluting gases. Specifically to this day, we have characterized a direct impact on CO2, NOx and CO of:
• CO2: Reduction of between 10% and 15%.
• NOx: Reduction of between 8% and 12%.
• CO: Reduction of between 14% and 18%.

Our estimation is that by 2024, 5 years after the launch of the product (estimated by Q1 of 2020) we will have installed +165.000 vehicles in the EU and +185.000 vehicles in USA, reducing CO2 emissions in almost 5 million Tons per year, generating +160M€ cumulated EBITDA for ENCOL and +€1,7billion savings to customers thanks to 10% fuel consumption reduction.

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