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NEPTUN SIGNED

Novel closed-cage system for high-value marine aquaculture

Total Cost €

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EC-Contrib. €

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Partnership

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 NEPTUN project word cloud

Explore the words cloud of the NEPTUN project. It provides you a very rough idea of what is the project "NEPTUN" about.

ecosystems    subsystems    pilot    final    45    facilities    protein    profits    25    fish    prototype    ccas    least    waste    economic    limits    successfully    rate    farming    piloting    performance    wp3    grow    significantly    boost    trl    readiness    accumulate    validation    securing    feed    10    full    sme    prototyping    annual    marine    environmental    traction    salmon    revenues    cycle    removal    11    363    closure    trl7    90    life    generate    levels    settings    neptun       kg    discharges    deploy    time    positions    norway    2m    depleting    728996    trl8    trl9    ga    functionalities    eliminate    subset    aquaculture    reducing    commercialisation    upscale    wholly    densities    minimizing    7m       vision    closed    estimate    mortality    company    000t    76    wp1    500    first    wp2    sustainable    withstanding    commercialise    12    integrate    feasibility    127m    adult    highest    m3    patented    elevating    cage    inshore    411m    solid    sales    global    extra    optimise    alone    market    roi   

Project "NEPTUN" data sheet

The following table provides information about the project.

Coordinator
AQUAFARM EQUIPMENT AS 

Organization address
address: TINGVEGEN 74
city: FORDE I HORDALAND
postcode: 5555
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Project website http://aquafarm.no/
 Total cost 2˙686˙875 €
 EC max contribution 1˙880˙812 € (70%)
 Programme 1. H2020-EU.3.2.5. (Cross-cutting marine and maritime research)
2. H2020-EU.3.2.3. (Unlocking the potential of aquatic living resources)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-08-01   to  2020-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    AQUAFARM EQUIPMENT AS NO (FORDE I HORDALAND) coordinator 1˙880˙812.00

Map

 Project objective

'The vision of the NEPTUN project is to address and implement the findings of our SME Phase 1 Feasibility Study (GA#728996) to upscale, pilot, and commercialise our patented Closed-Cage Aquaculture System [CCAS] for wholly sustainable and cost-effective inshore aquaculture. NEPTUN will be the first CCAS capable of withstanding the whole grow-out cycle of fish, securing solid waste removal up to 90% (highest in the market), reducing mortality rate down to 0.4% (e.g. average rate in salmon farming in Norway: 10%) and feed costs in 10%, allowing adult fish densities of 50 kg/m3 (current limits for salmon farming in Norway: 25 kg/m3) without further depleting marine ecosystems. NEPTUN has the potential to increase e.g. global salmon production levels from current 2.2m t to 4.7m t (or 500,000t extra of fish protein), while minimizing the environmental impact of aquaculture activities (i.e. eliminate 363 t C, 45.5 t of N, and 8.5 t of P discharges from salmon farming in Norway alone). We have defined a subset of specific objectives covering final prototyping, validation, and commercialisation readiness activities. Achieving them will bring us to a wide market uptake.

1) Final prototyping objectives (WP1) to integrate and optimise the functionalities of NEPTUN’s subsystems, and deploy our prototype at our piloting facilities, raising NEPTUN TRL from TRL7 to TRL8. 2) Validation objectives (WP2) to demonstrate NEPTUN's technical and economic performance through a large-scale piloting in real-life operating settings, elevating our CCAS from TRL8 to TRL9. 3) Commercialisation readiness objectives (WP3-5) enabling us to successfully bring NEPTUN to the market and reach sales traction beyond Phase 2.

Through the NEPTUN SME Phase 2 project we will significantly boost the growth in our company. We estimate that by year 5 after project closure, we will reach annual revenues of €411m, generate at least 76 new full-time positions, and accumulate profits of €127m, with 12.11 ROI.'

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