Periodic Reporting for period 1 - ReSoil (Innovative technology for Removal of toxic metals form highly contaminated soil & sediments)
Berichtszeitraum: 2019-03-01 bis 2019-08-31
The main objective was to complete the assessment of technical, commercial and financial feasibility of our business innovation project to prepare a strategic vison for ReSoil technology to enter the growing soil remediation market.
Based on the conducted feasibility study we decided to continue the project with altered plans of conquering the soil remediation market in two directions. One is with a mobile ReSoil unit that will help to overcome lack of knowledge, trust and confidence while introducing a new technology and to reach public acceptance. The other direction of commercialization is collaboration with an external provider for preparation of complete project documentation for an industrial size plant.
Commercial feasibility study resulted in a detailed market analysis. Concentrating on the most interesting geographic areas for our technology commercialization showed us the most promising market and we began extensive communication there and also worldwide.
Within financial feasibility we calculated the turning point capacity in profitability and prepared calculations for investment needed and return on investment for the buyer of remediation plant. We concluded that according to our calculations, investment in the remediation plant with ReSoil technology is a good investment opportunity. Total costs for commercialization activities for two years and business growth till 2025 were calculated.
Feasibility study resulted in ReSoil technology being technically, commercially and financially doable at the industrial level.