EU H2020 Project "SEABEST (Launching first large-scale organic seaweed-to-food cultivation and..)": description, partecipants, costs and EC-fundings

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SeaBest project word cloud

Explore the words cloud of the SeaBest project. It provides you a very rough idea of what is the project "SeaBest" about.

economy 14 76 full dominant estimate farming genialg foodgrade 000t spore food ftes star verified boost bg letters 2009 markets offshore certified close 3bn viability 5m game 15 bbe revenues organic demand multitude billion animal invested 2015 pursue 104777 blue bioenergy norway pilot nutrition million maturation competitive plant biopharmaceuticals piloting mechanising quality intent accumulated vidan ready purchase 200t 6027 time 36 validated changing reducing innovation clients first catering traceable circle eurostars outlets performed practises 2016 documenting seaweed sustainable trl seabest ses cultivated producers satisfy volume worth solution 56 ingredient global commercial talks ikea feasibility schouten 2014 market biotechnology generate awaiting unmet

Project "SeaBest" data sheet

The following table provides information about the project.

Coordinator	SEAWEED ENERGY SOLUTIONS AS Organization address address: BYNESVEIEN 48 city: TRONDHEIM postcode: 7018 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]
Total cost	2˙372˙687 €
EC max contribution	1˙660˙881 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-2
Funding Scheme	SME-2
Starting year	2019
Duration (year-month-day)	from 2019-03-01 to 2021-02-28

#	participants	country	role	EC contrib. [€]
1	SEAWEED ENERGY SOLUTIONS AS	NO (TRONDHEIM)	coordinator	1˙660˙881.00

SEAWEED ENERGY SOLUTIONS AS

NO (TRONDHEIM)

coordinator

1˙660˙881.00

Project objective

'The SeaBest project will be the first to close the circle from seaweed spore to a high quality organic food product using a large-scale and cost-competitive approach in Europe. The project will allow 1,000-14,000t of seaweed to be produced in Europe at up to 56% less cost compared to current practises. Our project will satisfy the high unmet demand of the global market for cultivated organic seaweed worth €9.3bn and of the European organic food market worth €30 billion in 2015. For the first time ever, we will enable low-cost high-volume organic seaweed to be produced in Europe, fully traceable, foodgrade certified and ready for use as an ingredient on its own or in a multitude of products. We are already in talks with over 15 EU food producers and we have Letters of Intent documenting demand for over 3,200t just from 5 large clients who are awaiting the ability to purchase organic European seaweed on a large-scale - so that they can pursue catering to dominant global food outlets such as IKEA and Schouten. We have performed a Phase 1 Feasibility Study funded by Innovation Norway (VIDAN - 2014/104777) that validated our pilot plant at TRL 7 and commercial viability. Over €14 million has been invested in our unique and game-changing solution since 2009 including SEAWEED-STAR Eurostars (#6027) project that verified our offshore farming technology. We are part of the H2020-BG-2016-1 project GENIALG aiming to boost the EU Blue Biotechnology Economy (BBE) by increasing the sustainable production of EU seaweed. Phase 2 funding will allow us to reach full commercial viability through technology maturation, piloting and market maturation activities. SeaBest will generate 30 new FTEs within SES and another 36 in our production partners, and we estimate an accumulated €76.5m in revenues after 5 years. By mechanising seaweed farming and reducing production costs, SeaBest will also open the way to new markets in bioenergy, biopharmaceuticals and animal nutrition.'

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

More projects from the same programme (H2020-EU.3.;H2020-EU.2.3.;H2020-EU.2.1.)