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The Development The Zero Waste Electronic Market (ZWEM) For Industrial Equipment

Project description

Innovative platform for industrial equipment recycling

The recycling of industrial equipment could reduce greenhouse gas emissions. The EU-funded ZWEM project proposes an innovative electronic platform, the Zero Waste Electronic Marketplace, which exploits the potential for greenhouse gas reductions with the identification, resale and reuse of industrial equipment. The fundamental innovations introduced by the project are the Asset Platform and the Asset Marketplace and how one feeds into the other. The project will initially focus on the oil and gas industry, advancing the identification, specification, reclamation, reconditioning, and delivery of industrial equipment used on North Sea Oil Rigs. ZWEM will perform a calculation of emission reductions achieved through the process.

Objective

Carbon 350 Ltd and its forthcoming Electronic Platform: The Zero Waste Electronic Marketplace (ZWEM) is being developed to exploit the potential for greenhouse gas reductions available from the identification, resale and reuse of industrial equipment.
The key innovations with ZWEM are the Asset Platform (AP) and the Asset Marketplace (AM) and how one feeds into the other. The Zero Waste electronic Marketplace (ZWEM) will initially focus on the Oil and Gas
Industry, promoting the identification, specification, reclamation, econditioning and delivery of industrial equipment previously used on North Sea Oil Rigs, along with a calculation of emission reductions achieved through the process.
It is envisaged that the ZWEM will scale its operations across multiple industry sectors worldwide in due
course.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

SME-1 - SME instrument phase 1

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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) H2020-EIC-SMEInst-2018-2020

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Coordinator

CARBON 350 LTD
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
8 TERMINAL HOUSE TERMINAL APPROACH
TW17 8AS SHEPPERTON
United Kingdom

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
South East (England) Surrey, East and West Sussex West Surrey
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 71 429,00
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