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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.

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

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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