3D ocean farm seeks to reshape aquaculture
Atlantic Ocean Aquaculture is developing a 3D Ocean Farm in the near shores of Maine that will cultivate and harvest a variety of kelp, seaweeds, and shellfish.
3D Ocean Farms are a profitable form of aquaculture that consist of shellfish and high value, fast growing seaweeds grown at varying levels of the water column. They have been called farms of the future because they are low impact, no input (no freshwater, no feed, no fertilizer) and high yield, producing highly nutritious seaweeds without using any arable land.
Additionally, ocean farms act as powerful carbon sinks (via kelp forests) and fight ocean acidification via shellfish + kelp forests that together filter nitrogen and phosphorus from the ocean using naturally occurring ocean currents.
The investment opportunity was made public on May 2nd and runs for 60 days. This opportunity is only available to accredited investors.
What are seaweed and shellfish used for?
Seaweed is used in food (snacks, food fillers, a staple of Asian cuisine) and for additional uses including animal feed, fertilizer, pharmaceuticals, cosmetics and is being studied for use as a bio-diesel (bio-fuel). Shellfish is a staple of human diets throughout the world.
Why Farm in the Atlantic Ocean?
- Ocean Farming is No Input. It uses no freshwater, no fertilizer, no feed.
- Kelp is a superfood. More vitamin C than oranges, more calcium than milk, and rich in minerals like B-12, iron, potassium, iodine and magnesium.
- Carbon Sequestration. Kelp forests sequester 2-40x more carbon than land based forests of comparable size. Ocean Farms fight Ocean Acidification by filtering nitrogen and phosphorus.
- Farm Supports Local Economies by providing local food cultivation and local jobs.
- From 2000-2010 global seaweed demand grew by an average 9% per year and is currently worth over $10 B USD; the seaweed market to double to over $20 B USD by 2024 according to Grand View Research.
- • 98% of seaweed aquaculture currently comes from the Pacific Ocean (with Japan, Korea, China and Indonesia as market leaders). US had 14B trade deficit in seafood.