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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.

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

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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