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Schrott24 SIGNED

Leveraging online services to enhance the efficiency and transparency of recycling and trading of metal throughout the EU.

Total Cost €

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EC-Contrib. €

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Partnership

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 Schrott24 project word cloud

Explore the words cloud of the Schrott24 project. It provides you a very rough idea of what is the project "Schrott24" about.

service    matched    carbon    global    inefficient    harsh       circular    mining    consumption    clients    alloy    water    platform    automates    economy    outcomes    huge    online    trading    extractive    yard    concentrations    labour    secondary    copper    matching    seller    unknown    pricing    logistics    substantial    marketplace    cable    waste    offline    algorithms    sellers    smelter    contributor    integration    valuable    parties    streams    transport    materials    aluminium    deforestation    industry    schrott24    intelligent    scrap    substances    digitises    primary    solution    electrician    optimise    outdated    fractions    pollution    dealer    digital    metals    buyers    dynamically    727    parts    small    heavy    500kg    substantially    amounts    metal    local    energy    fulfilment    toxic    disrupting    chemicals    commodities    aligning    recycling    emissions    rates    million    virgin    sustainable    specialized    single    efficient    raw    certain    recycled    matches    providers    market    containing   

Project "Schrott24" data sheet

The following table provides information about the project.

Coordinator
SCHROTT24 GMBH 

Organization address
address: VINZENZ-MUCHITSCH-STR.14
city: GRAZ
postcode: 8020
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Austria [AT]
 Total cost 1˙686˙403 €
 EC max contribution 1˙180˙482 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-09-01   to  2021-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SCHROTT24 GMBH AT (GRAZ) coordinator 1˙180˙482.00

Map

 Project objective

The production of primary raw materials, such as metals, requires widespread and large-scale mining. This involves heavy processes and chemicals with harsh labour conditions, substantial transport and pollution emissions. Waste from extractive processes is one of the largest waste streams in the EU (727 million tonnes p.a.), with certain fractions containing high concentrations of toxic substances including heavy metals. The mining and processing of virgin materials is a leading cause of deforestation and requires huge amounts of energy and water. Furthermore, these processes account for 7% of global energy consumption and contribute substantially to carbon emissions. The widespread use of secondary (recycled) raw materials is crucial to addressing this global challenge. The European metal recycling industry has the potential to be a major contributor to a sustainable future for the EU. However, it is outdated, offline, and inefficient, leading to low recycling rates even for valuable commodities. The Schrott24 Platform is an intelligent online marketplace that digitises and automates large parts of the industry for scrap metal and recycled metals. It dynamically matches buyers and sellers to optimise outcomes for both parties, aligning the European scrap trading market with the digital single market. We use advanced pricing and matching algorithms, matching the seller of a certain metal scrap, with a certain logistics need, with the most efficient recycling solution. This can be a local scrap yard for a small electrician with 500kg of copper cable waste, or a specialized aluminium smelter that is in need of a specific alloy in the yard of a scrap dealer unknown to them. With the integration of transport service providers, they are not only matched, but we can facilitate the whole process, to ensure the fulfilment of the clients’ needs. Schrott24 is disrupting the industry, allowing it to deliver a sustainable, circular economy for raw materials in the EU.

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The information about "SCHROTT24" are provided by the European Opendata Portal: CORDIS opendata.

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