The European Commission (EC) strives to make Europe the first climate neutral continent by 2050. The European Green Deal (EGD) is the major EC’s initiative that addresses GHG emissions and environment pollution through a wide range policies and legislations. Climate neutrality also requires a significant increase of renewables in energy mixes of the EU Member States. In this area, the regulatory framework has been laid down by the Directive EU 2018/2001 on the Promotion of Energy from Renewable Sources (RED II).
DECARBONIZATION OF EU INDUSTRY
Transport is one of the major causes of the EU’s GHG emissions (approx. one quarter of the total volume). Therefore, the advanced biofuels (as defined by the Art. 25 and Annex IX. of the RED II) play a key role in the path leading towards the carbon-free EU economy, especially when it comes to refineries and energy operators. Aikona Ltd. is a developer and patent holder of the DNS that takes into account both environmental concerns and economic interests of the private sector. DNS is an innovative and tangible low-carbon solution that can provide significant help with the decarbonization of the EU’s energy sector.
DNS & TRANSPORT DECARBONIZATION
produces very low rate of GHG emmissions (see the TÜV SÜD expert report – hypertext),
processes feedstocks listed in the Annex IX of the RED II,
processes feedstocks that might be incorporated within the Annex IX during its revision,
has a potential for the secondary usage under the Waste Management (Circular Economy),
Additionally, the DNS technology is cost-effective and easily applicable to the existing infrastructure and can help industrial sites as well as countries in the urgent need of energy transition, while having scarce resources.
DNS GREEN DEAL TARGETS
Aikona Ltd. strongly believes in the eligibility of the DNS technology for various EU funding programs. Based on the thorough analysis and intelligence gathering, we consider the DNS technology well prepared for submitting an application to Innovation Fund and Horizon 2020 (the European Green Deal Call).
Moreover, further relevant options exist under the resources whose operations fall largely withing the realm of the EU Member States, such as the Just Transition Fund or the Modernization Fund. Last but not least, additional opportunities are expected to be included under the next EU research & innovation investment programme for 2021-2027 (Horizon Europe).
In some cases, the above-mentioned sources can be mutually combined and/or joined by private capital. With that being said, refineries and energy operators interested in innovative low-carbon solutions in the field of advanced biofuels might see additional added value of the DNS technology also in the potential co-financing of its full industrial scale-up.
DNS & EU FUNDING