The proposed project, entitled: "Innovative technology for the production of advanced biofuels and high value-added chemicals from the utilization of agricultural residues AgroFUCHEr",", will be implemented by GRINCO AEBE, a company active in the field of biofuels, utilizing the know-how of the Research Body, EKETA/IDEP, subcontractor in the project.

The decline in fossil oil reserves, fluctuating oil prices and the environmental impacts of its use have led to the rapid growth of biofuel industries, , with biodiesel emerging as the fastest growing industry worldwide.

At international level, the only liquid biofuels currently recognized as commercially viable replacements for petrol and diesel are bioethanol and biodiesel (FAME), respectively. . In particular, in Greece, biodiesel is the only biofuel produced by the technology of transesterification of vegetable oils from energy crops.However, the development of the biofuel production sector is limited by the high cost of raw materials, which constitutes more than 88% of the total cost, and the socio-economic impact of land use change for fuel production. Consequently, the shift to new innovative technologies to produce advanced biofuels from residual biomass is a business incentive for the technological development of this industrial sector.

The technical scope of the proposed project concerns the development of an innovative technology to produce advanced biofuels and high value-added chemicals from renewable raw materialsand specifically from residual agricultural biomass, through modern thermochemical processes, aiming to enhance the competitiveness and sustainability of GRINCO AEBE and the reduction of emissions and the enhancement of sustainability in land and air transport.