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Funding period

Showing all data for 2014–2021

Business Development, Innovation and SMEs Completed

Keep going to keep growing

Promaxsys EOOD ·Bulgaria

€499k
Grant awarded
Business Development, Innovation and SMEs
Programme
13 May 2022
Signed

About this project

<p>The primary goal of this project is to enhance Promaxsys EOOD's competitive edge and expand its market presence by introducing a groundbreaking, nationwide technology for treating and monitoring industrial oils. This pioneering technology is a unique and promising addition to the market. By providing this innovative green service, the company aims to reduce CO2 emissions through several mechanisms:</p> <ol> <li>Ensuring the use of high-quality oils that are essential for the efficient operation of machinery and equipment, ultimately leading to energy savings.</li> <li>Decreasing the demand for new oils, which typically require significant resources and energy for production.</li> <li>Slowing down the wear and tear of aluminum components, reducing the need for replacements.</li> </ol> <p>Introducing this new venture will enable the company to boost its production capacity significantly. The mid-term outlook includes doubling the service capacity, resulting in increased profits and the creation of sustainable job opportunities.</p> <p>In April 2023, the project received additional support for procuring state-of-the-art equipment, consisting of an insulation oil purification system (the initial step) and an insulation oil regeneration system (the subsequent stage of the process).</p>