Keep going to keep growing

Project facts

Project promoter:
Promaxsys EOOD(BG)
Project Number:
BG-INNOVATION-0056
Status:
In implementation
Initial project cost:
€851,500

More information

Description

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:

  1. Ensuring the use of high-quality oils that are essential for the efficient operation of machinery and equipment, ultimately leading to energy savings.
  2. Decreasing the demand for new oils, which typically require significant resources and energy for production.
  3. Slowing down the wear and tear of aluminum components, reducing the need for replacements.

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.

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).

Information on the projects funded by the EEA and Norway Grants is provided by the Programme and Fund Operators in the Beneficiary States, who are responsible for the completeness and accuracy of this information.