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LycoSOL SIGNED

Feasibility Analysis on the Extraction of Lycopene from Tomato Peel through Organic Synthesis

Total Cost €

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EC-Contrib. €

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Partnership

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 LycoSOL project word cloud

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

amounts    2018    dyes    10    public    cagr    rainbow    lycopene    polish    hyperactivity    stop    size    waste    industrial    cancer    117m    biocapsol    mentos    appealing    phytochemicals    first    grow    artificial    vegetables    nutraceuticals    trl6    lycosol    colouring    colours    safety    benign    100    environmentally    ingredients    nestle    launch    benefits    annually    diagnosed    carminic    colour    carmine    types    name    deficit    encapsulating    global    salt    commercialization    acid    cochineal    bright    question    parents    foods    notably    decades    adhd    deep    children    nesquik    certain    carotenoids    insects    chemistries    behavioral    extracts    synthetic    content    market       capitalising    scientific    2023    desirable    113m    advocacy    sustainable    stage    plants    extracting    red    paste    food    animals    groups    formulate    e120    share    industry    linked    pigment    health    aluminium    natural    tomato    tactic    link    adversely    disorder    biological    replacing   

Project "LycoSOL" data sheet

The following table provides information about the project.

Coordinator
BIOCAPSOL KIMYA ANONIM SIRKETI 

Organization address
address: SANAYI MAHALLESI TEKNOPARK BULVARI 1/1A BLOK 109-110-111
city: PENDIK ISTANBUL
postcode: 34906
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 Turkey [TR]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-08-01   to  2020-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BIOCAPSOL KIMYA ANONIM SIRKETI TR (PENDIK ISTANBUL) coordinator 50˙000.00

Map

 Project objective

Artificial food colouring makes the foods more appealing and desirable, a tactic the food industry has been capitalising on for decades. One of the most used artificial food colouring is Carmine or E120 (Used in Nestle Nesquik, Rainbow Mentos, etc.) a pigment of a bright-red colour obtained from the aluminium salt of carminic acid, which is produced by some scale insects, such as the cochineal scale and the Polish cochineal, and is used as a general term for a particularly deep-red colour of the same name. While the safety of these dyes has been called into question, consumer advocacy groups and recent scientific research have linked these food dyes to a number of potential health problems, most notably, certain types of cancer in animals and attention-deficit disorder and hyperactivity in children. The link between artificial colours and behavioral problems is a concern, especially for parents of children diagnosed with ADHD. LycoSOL extracts and formulate natural ingredients (nutraceuticals and phytochemicals) from the waste products of food processing, by using (i) biological, (ii) sustainable and (iii) environmentally friendly, novel processes to stop the use of synthetic food colouring, known to adversely affect the public health and replacing them by ingredients with major health benefits. BioCapSOL aims to provide an improved process for extracting and encapsulating biological content from plants and vegetables using benign chemistries that can be applied at an industrial scale. The LycoSOL extracts the carotenoids from waste by-products of tomato paste production through a 100% natural and low-cost production method. LycoSOL is currently at TRL6 stage. The global market size for lycopene amounts to €113M in 2018 and the market is expected to grow annually by 3.5% (CAGR 2018-2023) is estimated to be more than €117M. BioCapSOL aims to achieve between the 5 to 10% of market share in the first five year from the commercialization launch.

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

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