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

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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