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Decreasing fuel consumption in transport

Periodic Reporting for period 1 - NANOL4TP (Decreasing fuel consumption in transport)

Reporting period: 2018-03-01 to 2018-08-31

The world faces great environmental challenges, the globe is vastly overpopulated and living standards in densely populated areas is rising, leading to even more industrial activity. Industrial activity, and a global economy, leads to more transports and industrial machinery being used, where combustion engines and power generation have a central role. Established scientist have stated that at least 20% of the fuel used is being consumed just to overcome friction in combustion engines and industrial machinery.

The overall objective set for NANOL4TP in the ANNEX 1 of the Grant Agreement is to assure the feasibility of Nanol and create a comprehensive business plan with a go-to-market strategy for lubricant additive markets with the focus on the transport sector. The specific objectives are:

Objective 1 Enhance market understanding and assess economic and technical feasibility of Nanol®
Objective 2 Find 1-2 potential collaboration partners from key sectors and build strong alliances
Objective 3 Find production partner for production scale up and quality control in SME 2
Objective 4 Extend the ‘freedom to operate analysis’ and update the IPR strategy
Objective 5 Sharpen unique selling proposition
Objective 6 Form a clear market entry strategy including sales and action plans and validate them by advisor and Board of Directors
The underlaying technology has been firmly established, scientifically confirmed and patented, strong international references and business cases have been established in our target markets (marine engines, power generation, road transport).
- Lower friction means that less fuel is required -> our customers have lowered their costs
- Lower fuel consumption means less emissions
- Lower wear means longer service intervals and lower maintenance costs
- Reduced impact of hydrogen embrittlement means both lower maintenance costs as well as new application opportunities
During the project our understanding about the economic and technical feasibility of Nanol® has significantly improved. We have identified potential collaboration partners and discussions with the most potential ones are proceeding. During the project the patent has been approved in Europe and the United States. Hence, our IPR situation has improved significantly. The marketing and sales work has paid back, and the sales proposition is clearly sharper. The market entry strategy, including concrete action plans has been revised and validated.
The research work carried out during this project confirms that Nanol possesses 4 features, i.e. it reduces friction, it reduces wear, it modifies the viscosity in the boundary layer and reduces hydrogen embrittlement. Hence, the technology developed by Nanol Technologies provides an opportunity to reduce the total amount of additives in lube oils. Thanks to the unique manufacturing method Nanol benefits from the advantages of nanotechnology without adding any nanoparticles in the manufacturing process. A lower number and quantity of additives in lube oils mean lower costs and, moreover, less negative impact on the environment.