Oceano Fresco

Installation of a sustainable off-shore clam farm

Investment overview

Impact category

Blue economy

Investment type

Loan

Yearly interest

Term

months

Risk level

B-

What will you be financing?

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.

Click here to read the article "Can the ocean feed us sustainably?" written by the promoter.

What is the impact?

Direct:

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 266,73 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Impact indicators
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44450

CO2 avoided per year

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

PURO MAR - UNIPESSOAL, LDA

Direct:

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 266,73 tonnes of CO2 per year, based on annual production estimated of 600 tonnes of clams.

Promoter website

http://www.oceano-fresco.pt/

Team
‍

[{"id":81,"promoter_id":167,"name":"Bernardo Carvalho","description":"Entrepreneur and independent consultant for leading companies in agro-genetics, pharma, and banking.","link":"https://www.linkedin.com/in/bernardoferreiradecarvalho/","role":"CEO & Executive Director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7a3/2b9/63d7a32b9a2f4724956402.jpg","avatar_id":82264},{"id":82,"promoter_id":167,"name":"Frederico Reis","description":"Marketing & Sales senior executive with >15 years in FMCG, Consumer Healthcare, Electronics and food Retail across Europe.","link":"https://www.linkedin.com/in/fredericoreis/","role":"CCO & Executive Director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7aa/7d0/63d7aa7d021fb321095632.png","avatar_id":82275},{"id":83,"promoter_id":167,"name":"Bernardo Empis Meira","description":"Experienced financial advisor with a demonstrated history of working in the financial services industry. Strong entrepreneurship professional skilled in Mergers & Acquisitions, Venture Capital, and Project Finance.","link":"https://www.linkedin.com/in/bernardoempismeira/","role":"Chairman & Non-executive director, BlueCrow Capital","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ab/344/63d7ab34481ad508069880.png","avatar_id":82276},{"id":84,"promoter_id":167,"name":"John Mairlot","description":"Senior Investment Manager at Aqua-Spark","link":"https://www.linkedin.com/in/john-mairlot-946a7294/","role":"Non-executive Director, Aqua-Spark","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ab/725/63d7ab7258253019719389.jpg","avatar_id":82279},{"id":85,"promoter_id":167,"name":"Hugo Augusto","description":"Semapa NEXT CEO and entrepreneur","link":"https://www.linkedin.com/in/hugo-augusto-037222/","role":"Non-executive Director, Semapa NEXT","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ac/0b1/63d7ac0b14e78310491128.jpg","avatar_id":82280},{"id":86,"promoter_id":167,"name":"Nuno Arantes Oliveir","description":"Life Science executive and entrepreneur. PhD in Genetics. MIT Portugal, NOVA-SBE. 200M Fund. Research at Univ. of California.","link":"https://www.linkedin.com/in/nunoarantesoliveira/","role":"Co-Founder & Chairman of the Advisory Board","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ac/3b1/63d7ac3b148f5822623970.jpg","avatar_id":82281},{"id":87,"promoter_id":167,"name":"Bjørn Skjævestad","description":"Owner of Altavida, Oslo. Numerous key roles in aquaculture, biotechnology and animal health ventures","link":"https://www.linkedin.com/in/bjornskjaevestad/","role":"Advisory Board member","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ad/017/63d7ad017ba6b605092674.jpg","avatar_id":82282},{"id":88,"promoter_id":167,"name":"Olivier Cottet","description":"Plant breeding specialist. >20 years experience managing breeding programs at Syngenta.","link":"https://www.linkedin.com/in/oliviercottet/","role":"Advisory Board member","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ad/338/63d7ad338d55e156922712.jpg","avatar_id":82283},{"id":89,"promoter_id":167,"name":"Stan Allen","description":"Shellfish breeding specialist. Director of Aquaculture Genetics and Breeding Technology Center at Virginia Institute of Marine Science (USA)","link":"https://www.linkedin.com/in/stan-allen-29372515/","role":"Advisory Board member","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ad/70c/63d7ad70cfe7e471819750.jpg","avatar_id":82284},{"id":90,"promoter_id":167,"name":"Marco Dubbeldam","description":"Shellfish rearing specialist.","link":"https://www.linkedin.com/in/marco-dubbeldam-ab32a9237/","role":"Advisory Board member","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63d/7ae/c0c/63d7aec0c7631939402080.jpg","avatar_id":82285}]

Business Model
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