Value chain generator to accelerate the European transition to circular economybroad
VCG · Horizon Europe grant · 2024-12-01–2026-11-30
EC contribution
Total cost
Beneficiaries
About the data
Source: CORDIS (official EU open data), Horizon Europe. Framework HORIZON · call HORIZON-EIC-2024-ACCELERATOR-02 · scheme HORIZON-EIC-ACC · topic HORIZON-EIC-2024-ACCELERATOROPEN-01. CORDIS record →
Objective
Out of 100 billion tons of resources entering the economy every year - from metals, minerals, and fossil fuels to organic materials - only 7.2% are circled back. This is a decline from 9.1% in 2018, and 8.6% in 2022, despite over 100 billion EUR private and public investments into circular economy in the EU. Solving this problem can lead to 4.5 trillion EUR of business opportunities, 6 million high value-added jobs and a potential to reduce the global GHGE by 39%.Value chain generator (VCG) offers a promising way to solve those problems by exploiting deep tech and novel approaches to build circular value chains, which have emerged as a strategic EU tool to direct decarbonization investments and improve resource efficiency. It is a cloud platform that uses AI and big data to digitally and in real-time build circular value chains enabling the exchange of (industrial) residuals between millions of companies embracing circularity. For example, 42 million tons of Brewers Spent Grain, the main by-product of the beer brewing process, can be turned into raw material for bioplastics, biofuel, alternative proteins, or chemicals, which are in high demand in the automotive, pharma, food and beverages, and the energy industries, with a ROI of 172% for a mid-sized brewery and GHGE savings of 19,387 tons of CO2 or 5,291 tons of carbon annually.Exploring multidimensional synergies between materials, technologies, and climate/financial metrics, VCG enables businesses to make informed decisions and investments, fostering a circular economy that decarbonize supply chains, minimizes waste (potential to valorize over 100 million tons of residuals by 2032), reduces CO2 emissions (64 million tons savings by 2032), and maximizes ROI (up to 600%). To keep the competitive edge, adhere to the ambitious environmental goals and succeed in the demanding markets, the worlds industry must make complex decisions regarding their value chains in the coming years, and this is where VCG can help.
Beneficiaries (1)
| Organisation | Country | Role | EC contribution | SME |
|---|---|---|---|---|
| VCG.AI GMBH | DE | coordinator | €2,490,105 | Yes |
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