Under the Horizon Europe program, the EU has invested €12 million ($13M) in the co-founded AlgaeProBANOS (APB) project, in order to find more sustainable solutions for the Baltic and North Sea region.
APB started in April and will run for 4 years. Probably, 6 business cases across the region shall be operated and 8 new algae-based products shall be launched.
The project’s goal is to push product development and offer opportunities watching out for supply, production costs, risks, framework, and know-how.
The Baltic marine resource coordinating entity Submariner Network has brought this initiative to live having felt the urge to satisfy requirements of sustainable, high quality products.
It supports the Blue Mission BANOS lighthouse initiative making stakeholders change towards carbon neutrality and circular ocean economy.
Pursuant to program manager at the Submariner Network, Efthalia Arvaniti, APB will concentrate on “providing ingredients of high quality and added value to niche feed markets.”
“When relevant, business cases will investigate marketing products or ornamental fish pet food formulations or specialty feed ingredients for juveniles and fish hatcheries,” he continues.
Next to APB, the project BalticMUPPETS, Baltic Mussel Products for Pet-Foods, was started last December under the Submariner Network for €7.5 million ($8.1M).
12 partners from 5 different countries develop new alue chains for small mussels (1–3 cm) from the Baltic Sea to be used in pet food. In order to build a market for alternative biomass resources, this project was co-founded by the European Regional Development Fund’s (ERDF) Interregional Innovation Investments Instrument (I3) of the European Commission .