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Transition of the company FEROPLAST Ltd. to energy and resource-efficient operations NPOO.C1.1.1.R4-I1.01.0021

FEROPLAST is implementing a project titled 'Transition of FEROPLAST to energy and resource-efficient operations.' The overall goal of the project is to increase the competitiveness of Feroplast by investing in green technologies and highly efficient machines and equipment.

Objectives

Specific Project Goals

SC1: Reduction of greenhouse gas emissions by reducing CO2 emissions by 24.56%.
SC2: Use of 52.8% recycled material per unit of production.
SC3: Share of renewable energy in gross final energy consumption per unit of production of 22.75%.
SC4: Increase the number of employees by at least 10 by 2026.

Expected Results of the Project:

R1: Establish an energy and resource-efficient production process through the installation of a photovoltaic power plant and heat pumps.
R2: Increase revenue from sales by 32.43%.
R3: Open 10 new jobs by the year 2026.
R4: Achieve an energy saving of 34.8% by the year 2026.
R5: Renewable energy in gross final energy consumption increased by 45.59%.
R7: Increased share of secondary raw materials (recyclates or recovered materials) used in production per unit of product by 52.8%.
R8: Reduction in harmful greenhouse gas emissions by 162.66 tons/year, i.e., a reduction of 26.14% compared to investments not focused on energy efficiency.

End Users of the Project Results

The final users of the project's results are the customers of FEROPLAST, who will receive high-quality products produced in line with ecological requirements, as well as the employees of the end-users.

Target Markets

The applicant's target markets include both national and international markets, with the greatest focus on the European Union market. The wire products manufacturing industry is growing due to increased demand caused by overall economic recovery. However, in the future, the focus will no longer solely be on the price of the product due to the availability of manufacturing technologies. The emphasis will instead be on quality and added value, such as environmentally friendly manufacturing processes. This is why FEROPLAST will focus on customers who recognize these two characteristics as competitive advantages, ensuring reliability, durability, and business stability.

Total Project Value

The total project value is €1,752,985.76, of which the total eligible costs amount to €1,405,743.31, while €357,242.45 is provided by private funds from Fewroplast.