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Cultivated barnacle offspring – the solution for realizing marine aquaculture growth

Project description

Safe feed for EU aquaculture

EU aquaculture is losing its global seafood market share due to inadequate larval feeding of farmed fish. In the shrimp farm sector, disease and high mortality rates represent a major threat due to lack of safe feeding options for the larvae. A new feed based on offspring of cultivated barnacles is proposed as the ideal nutrition for larvae. The feed eliminates infections, accelerates growth and secures survival by 100 %. The EU-funded MAXIPLAN project aims to complete a revolutionary system for large-scale barnacle cultivation and commercialise this new feed for the EU aquaculture sector. The project will facilitate higher seafood production and the creation of a shrimp farm market in the EU.

Objective

High hopes are pinned on aquaculture to meet rising worldwide demand for quality seafood. EU aquaculture was worth €4bn in 2015, but it has recently lost global market share. This is partly because commercially-farmed marine finfish have complex larval feeding needs that are not met today. The global market for farmed shrimp is also hindered by low hatchery phase survival and disease costing €7bn in Asia-Pacific alone in 2011-2. Larval nutrition must improve to unlock sustainable economic production and increase yields.

The offspring of common barnacles are an important feed for marine larvae in the wild. Optimising our radical new system to cultivate large amounts of barnacles, we will commercialise our superior live feed based on barnacle offspring, MaxiPlan. This supports crucial early-stage larval development of marine finfish and crustacea in aquaculture. MaxiPlan slashes infection and saves each hatchery up to €5.5m / year. With a 250-times higher level of bioavailable marine fatty acids, MaxiPlan will revolutionise larval nutrition. It increases growth by up to 75% and survival by 100% or more. Large-scale pilots will be at a commercial EU marine finfish hatchery and a big player in the South American shrimp farming industry.

Refined barnacle cultivation and streamlined production will let us supply MaxiPlan at large-scale. We will expand our direct sales network in the EU marine finfish aquaculture sector and work with select distributors to supply shrimp hatcheries worldwide. Commercial roll-out will yield €43m cumulative revenues and €26m profits in the 5 years after launch up to 2025. We will reach a 930% return on investment, save the global marine aquaculture sector €650m, and cut 385 metric tonnes of CO2 (eq) from the industrial carbon footprint of European aquaculture by 2025. The MAXIPLAN project will support sustainable and self-sufficient seafood production and help create a new €2.9bn shrimp aquaculture market in Europe by 2027.

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Topic(s)

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Funding Scheme

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SME-2 - SME instrument phase 2

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Call for proposal

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(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

PLANKTONIC AS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 519 503,00
Address
BYNESVEIEN 48
7018 TRONDHEIM
Norway

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Norge Trøndelag Trøndelag
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 2 170 718,75
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