A LIMERICK firm has been awarded over €1million in funding for two Horizon Europe projects.
Limerick-based sustainability company 20FIFTY Partners has been awarded €1.2million of Horizon Europe funding to continue its research on water circularity, resource recovery, demand reduction, and decarbonisation of industrial water lifecycles.
The Horizon Europe programme helps to play a role in addressing climate change, reaching the UN’s Sustainable Development Goals, and boosting the EU’s competitiveness and growth.
Ken Stockil, CEO of 20FIFTY Partners, said: “According to the UN, industrial water use globally is expected to grow dramatically by 2050 with a 400 per cent growth rate predicted across global manufacturing sites alone. This is unsustainable.”
“Delivering this highly impactful research will provide significant environmental and societal benefits, contributing to the EU climate neutrality goal.”
Mr Stockil said the work the funding will allow the company to perform facilities “exactly the type of impact we want to make as we build on our expertise in leading water research in the industrial sector. For our first engagement in Horizon Europe, this is an incredible achievement for which I would like to thank all the team involved.”
20FIFTY Partners’ winning project, Cornerstone, involves 16 consortium partners from eight countries and is part of a €10million fund from the European Commission.
The project, focusing on water, energy, and solute recovery, targets key industries such as steel, paper, and chemical, due to their importance in realising the objectives of Processes4Planet and contributing to a sustainable European industrial water management approach.
Dr Tara Higgins, EPA programme manager, said: “The EPA is delighted to see previous EPA-funded research by 20FIFTY Partners now being built on and taken forward through these larger European projects.”
“Improving water circularity in the industrial sector can make a significant contribution to meeting our climate and sustainability objectives, and we congratulate 20FIFTY Partners on their success in securing Horizon Europe funding for this important research.”
