PROJECT SCOPE AND 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 realtime build circular value chains enabling the exchange of industrial residuals between millions of companies embracing circularity.
To keep the competitive edge, adhere to the ambitious environmental goals, and succeed in the demanding markets, the world’s industry must make complex decisions regarding their value chains in the coming years, and this is where VCG can help.
PROJECT INFO
Project name: Value Chain Generator to accelerate the European transition to a circular economy
Project acronym: VCG
Start date: 1. 12. 2024
End date: 30. 11. 2026
Total costs: 3,557,293.30 EUR
EU funding: 2,490,105.31 EUR
Type of action: HORIZON EIC Accelerator
Granting authority: European Innovation Council and SMEs Executive Agency
