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Decreasing fuel consumption in transport

Objective

The demand for high-performance lubricant additives is strongly driven by new regulations pushing for improved fuel efficiency and better consideration of the health, safety and environmental factors. Nanol Technologies Oy is a Finnish SME with a mission to provide solutions that enable reduction of fuel and oil consumption and extension of the lifetime of key engine and machine components. We think that our patented Nanol lubricant additive with strong scientific background will become a key technology in the 70 – 90 B€ global lubricants product market. The customer value of Nanol is based on superior cost-performance properties. Nanol improves engine performance with low technical risk, good compatibility with different engines and oils and thus offers very significant immediate savings without investment by the customer. Nanol has been used for 180 000 hours in marine engines and customers have reported consistent fuel savings. The SME Phase 1 project will focus on transport sector with the main objective to conceive comprehensive business plan with a strong go-to market strategy to facilitate the market expansion to high-volume markets.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/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-SMEInst-2016-2017

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Coordinator

AB NANOL TECHNOLOGIES OY
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
ANNANKATU 9 A 11
00120 HELSINKI
Finland

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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
Manner-Suomi Helsinki-Uusimaa Helsinki-Uusimaa
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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