The Norwegian Parliament has granted US$1m of funding to a pilot plant that will use CO2 captured at CO2 Technology Centre Mongstad (TCM) to produce algae for the fish farming industry.
Seafood is Norway’s second-largest export, after oil and gas: in 2013 the value of Norwegian seafood exports stood at $10.2bn, with 95% of all fishing produce shipped to 150 different countries.
Demand for farmed fish is growing, but the aquaculture industry is facing a shortage of omega-3; the fatty acids used in fish feed. At current rates available omega-3 will be reduced in the coming years. To ensure the continued growth of Norwegian aquaculture, the industry is seeking alternative, sustainable sources of omega-3 that can be used in fish feed.
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