More information
Description
The aim of Color Type’s project is to reach a more environmentally friendly production process and better products by offering on the market innovative water-based colour samples. The project will increase the competitiveness of the company by improving and extending the production capacity for colour samples production, using new eco-friendly machines. The company’s target is to manufacture greener products for paint producers at both national and international level.
The technical solution meant for achieving the project aim includes 8 automatic shakers used for mixing the colours, 1 roller unit for the coating of colours, 1 aid blades drying oven and 1 screen printing machine. Key activities include:
- Project management by internal team.
- Investment activity to acquire the proposed equipment.
- External consultancy to consult on financial audit.
- Project publicity to ensure visibility of the project.
The main needs identified by the company are reducing the following: Energy consumption and CO2, solvent-based paint, imperfections and errors in production and paper waste. They intend to increase recycled paper use and reuse the heat generated by the production equipment’s. With all these needs fulfilled, the company will be ready for a significant and innovative production process for greener products with an increased use of recycled materials and a re-calibration of produced waste.
The expected outcomes of the project include CO2 to decrease by 32,89 tonnes and energy consumption to decrease by at least 63,3 MWh. The expectation is to reduce paper consumption by at least 17 tonnes of paper in the optimized production process. Finally, the project is expected to lead to a creation of 2 new jobs.
Summary of project results
The Promoter aimed to reach a more environmental friendly production process and better products by offering on the market innovative water-based colour samples (printed on normal or recycled paper). Water-based paint low level of volatile organic compound (VOC) made it a go-to paint after the new VOC regulations. This makes them environmentally friendly paint with minimal to zero harmful effects on health. Water based paints also have the advantage to quick dry, making them even more efficient that solvent-based paints.
The Promoter has implemented a technical solution meant for achieving the project aim, which comprised the acquisition of the following equipment: 8 automatic shakers, 1 roller unit for the coating of colours, 1 air blades drying oven, 1 friction feeder, 1 heater folder, 1 Professional Printer and 1 Heat recovery Unit. This has enabled the Promoter to achieve the following outputs: develop a green product and a green production by using water-based paint and recycled paper; implement measures to decrease CO2 emissions by using the new oven and heat recovery unit; increase energy efficiency by using the new equipment instead of the old ones and reduce paper waste by using the new oven and roller unit for the coating of colors.
The Promoter has reported that the following outcomes and impacts have been reached or a on track for achievement by the set deadline:
- Estimated annual growth in turnover by 29% in the second operational year compared to baseline year 2020
- Estimated annual growth in net operational profit (EBIT): 335% in the second operational year compared to baseline year 2020
- Creation of new jobs: 2 at the end of 2024 compared to baseline year 2020
- Estimated annual decrease of CO2 emissions from 277.65 tonnes of CO2 in 2019 to 244.76 tonnes of CO2 at the end of 2024
- Estimated annual decrease of energy consumption from 473.52 megawatt hours in 2019 to 410,16 megawatt hours at the end of 2024
- Estimated annual decrease in consumption of materials from 167 tonnes in 2019 to 150 tonnes at the end of 2024