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NEPTUN SIGNED

Novel closed-cage system for high-value marine aquaculture

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

10 boost waste alone 11 adult commercialise final company subsystems time integrate deploy environmental 728996 optimise prototyping accumulate wp1 reducing 2m roi inshore extra 127m commercialisation 000t sales feasibility ecosystems feed sustainable levels 4 highest trl9 positions 25 pilot removal subset functionalities salmon discharges economic readiness 90 ga m3 protein 411m closure farming rate first facilities patented sme withstanding fish 12 limits global estimate traction vision least 363 trl7 life cycle elevating validation 7m settings cage 500 norway upscale trl 76 mortality marine successfully piloting t profits aquaculture neptun significantly wp2 wholly densities performance eliminate generate revenues wp3 annual ccas trl8 grow prototype full closed securing depleting solid minimizing market 45 kg

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 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.	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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The information about "NEPTUN" are provided by the European Opendata Portal: CORDIS opendata.