Reserved Amount = € 2.719,45
Reserved Amount = € 2.719,45
Ecosystems provide essential services such as food, fresh water, clean air, and shelter. They mitigate natural disasters, pests, and diseases and help regulate the climate. It is predicted that food production must double by 2050 to meet the demand from the world’s growing population. A sustainable ‘blue economy’ will play a central role in alleviating the multiple demands on land resources and in tackling climate change. The sector can contribute by promoting a sustainable use of aquatic and marine resources and by providing an alternative source of protein that can relieve pressure on agricultural land.
The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays with less environmental impact. This project will therefore have the following impact:
Once installed, the offshore farm will have the capacity to capture 99,4 tonnes of CO2 per year, based on an estimated annual production of 600 tons of clams. The cultivation of clams is one of the most sustainable alternative sources of protein used nowadays, with less environmental impact, as no chemicals or artificial feeds are used; as they have a filtering function fighting aquatic pollution; and as they capture CO2 in their shell formation;
By providing an alternative source of protein, the sustainable cultivation of clams will not only contribute to alleviating the multiple demands on land resources, but also to restoring marine resources and the seas’ biodiversity, by being an alternative to intensive fishing.
At the moment, Oceano Fresco is constituted by 17 people. When the farm’s operation starts, an increase in staff to 100 people is forecasted in the upcoming years.
This project will also have a positive indirect impact on the local economy, mainly in the area where the farm is installed, Lagos by increasing the incomes of the people who work in this sector.
Click here to read the article "Can the ocean feed us sustainably?" written by Rodrigo Clímaco, responsible by the clam farm of Oceano Fresco.
Oceano Fresco has recently concluded the set up of the first off-shore clam farm in the world, occupying 100 hectares, in the south of Portugal, 5 km from Lagos/Alvor coast (Algarve).
This is the third tranche of funding at GoParity, after having raised 150,000€ in the two previous rounds, an amount that was used to order the cables, chains, concrete blocks, buoys, and lanterns needed to set up the farm.
The company has since then, concluded the installation of the off-shore farm and the next step is to buy and install the boat and remaining equipment to start operating the farm.
The structure of the clam farm is 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, and the security level for the final consumer. At the off-shore farm, the clams find the perfect conditions to complete the cycle, with a natural source of food and perfect environmental conditions. The cultivation is set to start in December.
CEO & Founder Bernardo Carvalho at Oceano Fresco’s BioMarine Center
The off-shore farm 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. Puro Mar wants to fund the remaining amount via various campaigns with GoParity. This is the third tranche of funding, after they have raised 150.000€ in the two previous ones.
Last April, Oceano Fresco announced the closing of a 3,8M€ additional investment from BlueCrow Capital, the funds manager of the Venture Capital BlueCrow Innovation, which invests in national industrial R&D projects, operating in the bioeconomy and in innovative production technologies. So far, the total aggregate investments are close to 7.2M€ for the construction of Oceano Fresco’s Bio Marine Centre in Nazaré and its off-shore exploration.