National First prize winner

Advanced Biofuel

We are creating ecofriendly biodiesel from used cooking oil

Pitch

Our product is biodiesel which is produced from used cooking oil. Our beachhead market is Armenian crop producing farmers in the neighbor communities of Yerevan. Biodiesel is from 20% to 30% cheaper than fossil diesel. Our product does not require vehicle modifications or special fueling equipment – just pump and go. In 5 years our annual profit will be 600,000 EUR resulting from sales of 10,000 barrels. Compared with fossil diesel, usage of biodiesel results in low amount of regulated pollutants (nitrogen oxides (NOx), particulate matter (PM), carbon monoxide (CO), hydrocarbons (HC), etc.) and dramatically decreases GHG emissions to the atmosphere. Our advantage over our competitors – fuel supplying companies, are low-price, collaboration with cooperatives and farmers in communities and barter options with our clients.

Quick facts

  • 2017 Participant
    Year of participation
  • Sustainable Production Systems
    Theme
  • Armenia
    Country

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Team

  • Gevorg Guloayn: Team Lead, Engineer. Irina Mkrtchyan: Marketing Specialist. Mkhitar Avetisyan: Expert.

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