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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.

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

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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