Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - ECOFER (ECOFER: Next Generation Slag and Mineral Processing Technology)
Teaser
Ecofer Technologies OÜ (Ecofer), is an Estonian cleantech and engineering company, focused on slag processing technology development for steel industry. Since 2015, the team has focused on developing the next generation disruptive slag processing technology. The processing...
Summary
Ecofer Technologies OÜ (Ecofer), is an Estonian cleantech and engineering company, focused on slag processing technology development for steel industry. Since 2015, the team has focused on developing the next generation disruptive slag processing technology. The processing technology will re-evaluate steelmaking slag value and bring new growth opportunities for steelmaking industry. At the current stage, Ecofer aims to finalise the development work and prepares to enter global markets with the unique slag processing and metal recovery technology.
The objectives of the feasibility study were to study both commercialisation and technological aspects of the innovation.
Work performed
During the feasibility study, we:
• Updated the business plan and go-to-market strategy;
• Conducted a freedom-to-operate study;
• Finalized the design for the pilot plant to be set up in Phase 2.
As a conclusion of the project, the Ecofer slag processing technology is technically and commercially feasible.
Final results
The business plan development resulted in a validated strategy for overcoming the major market entry hurdles and for engaging pilot customers. We developed an alternative business model for the piloting phase and a licensing business model with further perspective and determined the benefits and risks of both. Accordingly, we adjusted our go-to-market strategy and clarified the required competences and resources. Additionally, we described the targeted profiles of an investor-partner and envisaged the steps to access them.
Analysing the targeted markets, we validated our market potential across regions and countries and gained a better understanding of the competitive landscape. We validated the uniqueness of our metal recovery technology; especially our Vanadium recovery method will give the key competitive advantage we must continue focusing on.
Website & more info
More info: https://www.ecofertec.com/.