Biomarine-based value creation could increase six-fold by 2050

A new golden age in marine activity may be in the cards. (Photo: Wikipedia Commons)

According to a newly published report, value creation within the Norwegian biomarine industry has the potential to grow 600 per cent - from NOK 90 billion today to NOK 550 billion - in 2050.

“The report documents that marine resources represent a wealth of opportunity that we have yet to tap into,” says Christina Abildgaard, Director of the Research Council of Norway’s Department for Environmental Research and Marine Resources. She participated in the working group that drew up the report, Verdiskaping basert på produktive hav i 2050 (“Value Creation based on productive seas in 2050”: Norwegian only).

The working group was appointed by the Royal Norwegian Society of Sciences and Letters (DKNVS) and the Norwegian Academy of Technological Sciences (NTVA). Funding for the task was provided by SINTEF Fisheries and Aquaculture, the Ministry of Fisheries and Coastal Affairs and the Research Council’s research programme Aquaculture - An Industry in Growth (HAVBRUK).

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