Projects

Oceano Fresco

33,6% €50.428,22 of €150.000
27

days left

4 yr

term

5%

a year

6 mth

grace period

B

rating

blue_economy

Blue economy

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Installation of a sustainable off-shore clam farm

Impact

In the next 50 years, it is predicted that the search for protein will grow exponentially. The cultivation of clams is one of the alternatives for the biggest sources of protein used nowadays with less environmental impact, as no chemicals or artificial feeds are used. The cultivation of clams, on the other hand, has a filtering function fighting aquatic pollution whilst capturing CO2 in the shell formation.

Sustainable cultivation of the seas instead of only fishing will re-establish biodiversity and marine stocks.

Once installed, the off-shore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Project Information

Oceano Fresco wants to install an off-shore clam farm. The installation will happen in 2020 and will occupy 100 ha, 5 km from Lagos/ Alvor coast, in the south of Portugal (Algarve). The structure will be composed of submersed horizontal cables, on which lanterns (plates wrapped in a mesh) will be placed and where the clams will be cultivated. The farm is fundamental to complete the biological cultivation cycle because, after the spawning and hatchery phase, clams need to grow-out until the adult edible size, promoting environmental sustainability, raising the satisfaction level and the security level for the final consumer. At the off-shore farm, they find the perfect conditions to complete the cycle, with a natural source of food and perfect abiotic conditions.

Besides that, Oceano Fresco is building a bio marine center in Nazaré to produce the clam seeds that will be cultivated in the Algarve’s farm, the first clam off-shore farm in the world, allowing control of all of the value chain.

The nursery will have a total investment of 3,1M€, of which 1,5M€ were secured by the MAR2020 program and 800K€ by the company's own capital. Puromar wants to fund the rest of the amount via various campaigns with GoParity.

This first tranche of funding will be used to order the cables, chains, concrete blocks and buoys that are needed to set up the farm.



27

days left

4 yr

term

5%

a year

6 mth

grace period

B

rating

blue_economy

Blue economy

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Installation of a sustainable off-shore clam farm

33,6% €50.428,22 of €150.000

Impact

In the next 50 years, it is predicted that the search for protein will grow exponentially. The cultivation of clams is one of the alternatives for the biggest sources of protein used nowadays with less environmental impact, as no chemicals or artificial feeds are used. The cultivation of clams, on the other hand, has a filtering function fighting aquatic pollution whilst capturing CO2 in the shell formation.

Sustainable cultivation of the seas instead of only fishing will re-establish biodiversity and marine stocks.

Once installed, the off-shore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Project Information

Oceano Fresco wants to install an off-shore clam farm. The installation will happen in 2020 and will occupy 100 ha, 5 km from Lagos/ Alvor coast, in the south of Portugal (Algarve). The structure will be composed of submersed horizontal cables, on which lanterns (plates wrapped in a mesh) will be placed and where the clams will be cultivated. The farm is fundamental to complete the biological cultivation cycle because, after the spawning and hatchery phase, clams need to grow-out until the adult edible size, promoting environmental sustainability, raising the satisfaction level and the security level for the final consumer. At the off-shore farm, they find the perfect conditions to complete the cycle, with a natural source of food and perfect abiotic conditions.

Besides that, Oceano Fresco is building a bio marine center in Nazaré to produce the clam seeds that will be cultivated in the Algarve’s farm, the first clam off-shore farm in the world, allowing control of all of the value chain.

The nursery will have a total investment of 3,1M€, of which 1,5M€ were secured by the MAR2020 program and 800K€ by the company's own capital. Puromar wants to fund the rest of the amount via various campaigns with GoParity.

This first tranche of funding will be used to order the cables, chains, concrete blocks and buoys that are needed to set up the farm.



Puromar Lda

Active since
2014
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
1
About Puromar Lda

Puromar is a subsidiary of Oceano Fresco, 100% owned by them, and it is the entity which owns the licenses of the off-shore farm that will be operated by Oceano Fresco. Oceano Fresco is dedicated to sustainable aquaculture of superior quality bivalves (European clams). The company applies scientific methods and an innovative business approach to production and a systematic improvement of the clam aquaculture.

The Business Model

The revenue source of Oceano Fresco is the high quality and value clam sale, where the market demand greatly exceeds the supply. The production will mainly be sold in Europe but also exported for sale to other regions such as Japan and South Korea.

Track Record

Besides the market studies and the proof of the concept granting the business viability, Oceano Fresco owns a 25 year concession (which can be extended) of the land where the biomarine bivalve center is being built (including hatchery).

Through Puromar, it also has a 30 year concession of 100 ha of open sea in the Algarve, where the off-shore farm will be installed. Oceano Fresco has already raised 4M€ from private investors and 3.5M€ from public funding from the EU and Portuguese government. http://ocehttp://oceano-fresco.pt/investment_bluecrow_capital_en.html

Promoter Rating: B

Guarantees

This loan is secured with the pledge of the equipment and a guarantee from the holding company, Oceano Fresco.

Puromar Lda

Active since
2014
Operating in
Nazaré and Algarve
Industry
Sustainable Aquaculture
GoParity Loans
1
About Puromar Lda
Puromar is a subsidiary of Oceano Fresco, 100% owned by them, and it is the entity which owns the licenses of the off-shore farm that will be operated by Oceano Fresco. Oceano Fresco is dedicated to sustainable aquaculture of superior quality bivalves (European clams). The company applies scientific methods and an innovative business approach to production and a systematic improvement of the clam aquaculture.
The Business Model

The revenue source of Oceano Fresco is the high quality and value clam sale, where the market demand greatly exceeds the supply. The production will mainly be sold in Europe but also exported for sale to other regions such as Japan and South Korea.

Track Record

Besides the market studies and the proof of the concept granting the business viability, Oceano Fresco owns a 25 year concession (which can be extended) of the land where the biomarine bivalve center is being built (including hatchery).

Through Puromar, it also has a 30 year concession of 100 ha of open sea in the Algarve, where the off-shore farm will be installed. Oceano Fresco has already raised 4M€ from private investors and 3.5M€ from public funding from the EU and Portuguese government. http://ocehttp://oceano-fresco.pt/investment_bluecrow_capital_en.html

Promoter Rating: B

Guarantees

This loan is secured with the pledge of the equipment and a guarantee from the holding company, Oceano Fresco.

Updates

Payments Status: On time

Updates

Payments Status: On time