Circular economy benefits
Panos Lagos, Managing Director of BioMar Helenic, stated: - In the Alga4Fuel&Aqua project, BioMar’s contribution so far has been providing feed formulations, raw materials, technical knowledge and running a series of analyses related to this first trial. In later stages of the project, we will be involved in the feasibility study and the economical evaluation of the results, giving our inside view of the industry economics and the potential of the utilization of the findings. At the end of the project, BioMar will furthermore provide a sustainability analysis report for the produced feeds. Being a company that strives for a sustainable development of global aquaculture, we are convinced that the outcome of a project of this kind can secure greater access for aquaculture to essential marine omega-3 fatty acids.
As part of the circular economy and for minimising waste in the environment, the project “Alga4Fuel&Aqua” is also investigating the use of by-products from biofuel production to cultivate microalgae for their subsequent use in aquafeed.
The results of the Alga4Fuel&Aqua-project are expected to enhance the sustainability of aquaculture by reducing the dependence of the industry on a finite resource such as fish oil.
The Alga4Fuel & Aqua project is expected to promote research and technological excellence through scientific collaboration between industries and research organizations. Partners taking part in the“Alga4Fuel&Aqua” project are:
Research groups from the University of Thessaly
Laboratory of Agricultural Constructions and Environmental Control, Department of Agriculture Crop Production and Rural Environment, Project Leader: N. Katsoulas
Laboratory of Aquaculture, Department of Ichthyology and Aquatic Environment, Project Leader: I. Karapanagiotidi
Water and Environmental Quality Laboratory, General Department, Project Leader: G. Papapolymerou
GRINCO Industrial S.A.
The “Alga4Fuel&Aqua” research project is part of the “RESEARCH - CREATE - INNOVATE” action, co-funded by the European Union and national resources under the Competitiveness, Entrepreneurship and Innovation Operational Programme (project code: Τ1ΕΔΚ-01580).