Blue Ocean Technology raises growth capital from competent investor consortium led by Momentum

Venture fund Momentum joins a number of high-profile partners in investing in the sludge treatment company Blue Ocean Technology.

Momentum II leads a consortium consisting of Broodstock, EGD Capital and Seagrow that will take a significant position in Blue Ocean Technology.

Image credit: Blue Ocean Technology

'We have been following the sludge treatment segment for a long time. The combination of circular economy and aquaculture hits our strategy right at the heart. We have become acquainted with Blue Ocean Technology as a strong and innovative player with a highly competent team. They enable sustainable food production based on Norway's already strong competitive advantage in aquaculture, and they do so through flexible, energy-efficient solutions with great international potential," says Arve Janbu Fresvik at Momentum.

'They have gained a strong foothold in the Norwegian market, which is a prerequisite for international success. The world is looking to Norway when it comes to aquaculture technology and the first international sale is secured through American Aquafarms. We look forward to further developing the international initiative through active ownership in Blue Ocean Technology. The total investment amounts to MNOK 38, divided by new growth capital and share purchases.'

'Blue Ocean Technology has had a strong and rapid development in recent years. We have gone from simple solutions, to complete Plug-and-Farm systems that attract interest both nationally and internationally. In order to move forward, we have been selective in seeking competent capital to build on. We now get this through the strong consortium led by Momentum," says Jan Henning Legreid, from Blue Ocean Technology.

Blue Ocean Technology develops its own technology adapted to the residual products that fish farms produce and has several solutions that are adapted to the individual farmer's needs, both on land and at sea.

Lower energy consumption combined with increased efficiency in processing provides good competitiveness. A great emphasis is placed on reliability with predictive machine monitoring. The software is developed in collaboration with Schneider Electric. Blue Ocean Technology has an exclusive collaboration with Schneider worldwide in sludge and water treatment.

The company has taken a leading position in sustainable solutions for sludge and water treatment in closed fish farms in Norway and internationally with agreements with leading players such as American Aquafarms and Salmon Evolution.

For more information visit the Blue Ocean Technology website, HERE.

The Aquaculturists

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IFFO’s Vietnam Webinar to be held July 14th to focus on the global and Vietnamese marine ingredients supply chain

The Marine Ingredients Organisation will hold a free Vietnam Webinar on 14 July 2021. It will consist of several individual presentations in both English and Vietnamese, starting at 9am CET and 2pm Hanoi time.

Image credit: IFFO

Starting with a key note speech about Planning marine aquaculture in Vietnam, from Luan Tran Dinh, Director General of the Directorate of Fisheries at the Ministry of Agriculture and Rural Development (Vietnam), the webinar will feature presentations from leading scientists and representatives of both the fishmeal and the aquaculture industry: from Skretting, Kanematsu Vietnam and Tongwei Vietnam to the Global Seafood Alliance. Global market dynamics, aquatic product output and trade will be addressed, as well as Vietnam's feed production and Vietnam's fishmeal consumption in China.

IFFO will also provide insights on market access to China, especially MOA licenses, and will deliver a global overview of the latest marine ingredients market trends.

Maggie Xu, Director of IFFO China, explains: 'With an estimated fishmeal consumption of between 200,000 mt and 250,000 mt per year, Vietnam is an important player worldwide. Aquafeed absorbs almost 85 percent of the total fishmeal annually consumed in Vietnam, while the pig sector consumes another 13.4 percent. The domestic fish oil consumption is also significant at around 120,000 mt per year, with the domestic pig feed industry absorbing most of the fish oil.'

The webinar will take place in English and Vietnamese via the Zoom platform and simultaneous interpretation between English and Vietnamese languages will be provided.

To view the full agenda click, HERE.
To register as a delegate before the deadline – July 9th – click, HERE.
For more information visit the IFFO website, HERE.

The Aquaculturists

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Deep Trekker launch their new Remotely Operated Vehicle, PIVOT

Striking the perfect balance between size and power, Deep Trekker's newest submersible remotely operated vehicle (ROV) PIVOT is changing the underwater game.

Image credit: Deep Trekker

With the PIVOT, portability meets unmatched power. Equipped with 6 strong thrusters powered by lithium ion batteries, the PIVOT provides users with stability, power, speed and control in a portable package. With 97 degree rotating tool positioning pilots can take advantage of flexible imaging options and convenient tool manipulation from a stable platform. The 220 degree range of motion on the HD camera allows users to complete inspections in a timely, straightforward manner.

'The PIVOT is a completely reimagined submersible ROV,' shares Deep Trekker President, Sam Macdonald. 'The third ROV to fill our line, the PIVOT is the perfect middle ground between our DTG3 and our REVOLUTION ROVs.'

Headquartered in Kitchener, Ontario, Canada, known as the Silicon Valley of the North, Deep Trekker is a global leader in submersible ROVs, utility vehicles and pipe crawlers. Seeking to provide solutions for every underwater mission, Deep Trekker delivers proven, fully assembled, tested and ready to use vehicles.

'At Deep Trekker we're proud of our robust vehicles and the PIVOT is no exception,' explains Mr Macdonald. 'The carbon fibre and aluminium frame combined with stainless steel components, magnetically coupled thrusters and intelligent design ensures that operators can trust their vehicle to get the job done.'

With the support of the Deep Trekker team behind every vehicle, users can expect exceptional customer service and reliability. 'When you buy a Deep Trekker, you also buy the support of the Deep Trekker team behind you,' says Mr Macdonald.

For more information about Deep Trekker visit their website, HERE.

The Aquaculturists

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