The Blue Economy

Irving Shipbuilding Invests in Green Harbour Project, Targeting Net Zero Emissions by 2050

Retrieved on: 
Thursday, June 8, 2023

The Green Harbour Project aims to make Halifax Harbour a net zero emitter by 2050, making it a leader in green technology.

Key Points: 
  • The Green Harbour Project aims to make Halifax Harbour a net zero emitter by 2050, making it a leader in green technology.
  • With Irving Shipbuilding’s support, the Verschuren Centre will work to test new technologies and share findings with Harbour partners to accelerate the path to net zero.
  • These initiatives are crucial in achieving the emissions reduction targets of net zero by 2050, which aligns with the provincial and federal decarbonization goals.
  • The Green Harbour Project is launched with $545,000 in foundational funding from Irving Shipbuilding.

Value for Money 2023: The Conference Board of Canada Assesses the National Shipbuilding Strategy's Impact

Retrieved on: 
Tuesday, May 30, 2023

"The National Shipbuilding Strategy is a large-scale investment that covers infrastructure, human resources, and technology development.

Key Points: 
  • "The National Shipbuilding Strategy is a large-scale investment that covers infrastructure, human resources, and technology development.
  • From 2013 to the end of 2022 over $5.2 billion was spent on the National Shipbuilding Strategy with more than 325 organizations across Canada.
  • "The National Shipbuilding Strategy (NSS) means Canadians are proudly rebuilding a vital national security industrial base here at home after decades of boom-and-bust cycles.
  • Read the full report: Value for Money: Economic Impact of the Halifax Shipyard Under the National Shipbuilding Strategy, 2023 - The Conference Board of Canada
    The Conference Board of Canada is the country's leading independent research organization.

Carbonwave Announces Initial Close of $5M Series A Funding Led by Mirova's Sustainable Ocean Fund

Retrieved on: 
Thursday, April 6, 2023

BOSTON and CAROLINA, PUERTO RICO, April 6, 2023 /PRNewswire/ -- Carbonwave, the world leader in upcycling the largest seaweed bloom on the planet into ultra-regenerative, plant-based, advanced biomaterials, today announced an initial closing of its $5M Series A round led by Mirova1, an affiliate of Natixis Investment Managers dedicated to sustainable investment, with additional significant participation from Viridios Capital, Popular Impact Fund, and Katapult Ocean.

Key Points: 
  • Sarga Ag products are being tested for large-scale application by some of the leading corporate growers in the world.
  • In June 2022, Carbonwave won the Carbon to Value Challenge with BASF, Seafields, and the Alfred Wegner Institute to produce PET plastics.
  • "Mirova, through the Sustainable Ocean Fund, is thrilled to continue its support for Carbonwave with this follow-on investment into the company," said Simon Dent, Head of Blue Investments at Mirova.
  • "Carbonwave joins Katapult Ocean as part of a growing number of Katapult investments into the seaweed space.

ADEC Innovations Acquires Kedge Pty Ltd and Southern Ocean Carbon Company

Retrieved on: 
Monday, March 13, 2023

HOBART, Australia, Mar 14, 2023 - (ACN Newswire) - ADEC Innovations, a recognised global leader in designing and delivering sustainable development solutions that drive organisational value and impact, today announced it has completed its acquisition of Kedge Proprietary Limited ("Kedge") and Southern Ocean Carbon Company ("SOCC").

Key Points: 
  • HOBART, Australia, Mar 14, 2023 - (ACN Newswire) - ADEC Innovations, a recognised global leader in designing and delivering sustainable development solutions that drive organisational value and impact, today announced it has completed its acquisition of Kedge Proprietary Limited ("Kedge") and Southern Ocean Carbon Company ("SOCC").
  • These acquisitions further expand ADEC Innovations Environmental, Social, and Governance (ESG) expertise into the Blue Economy which focuses on balancing the health of the ocean's ecosystems with the economic growth associated with ocean resources.
  • Kedge and SOCC will leverage ADEC Innovations' information management capabilities and global reach to improve ocean stewardship worldwide.
  • Kedge and SOCC employees will join the 4,000-strong workforce that ADEC Innovations has across 27 operating sites and 20 countries.

ANGUILLA JOINS THE BLUE BELT INITIATIVE TO PROMOTE AN INCLUSIVE, SUSTAINABLE OCEAN ECONOMY

Retrieved on: 
Thursday, February 16, 2023

The UK’s Ocean Conservation Programme Blue Belt initiative seeks to steer progress by addressing the greatest challenges facing the world’s oceans today -- coastal management, biodiversity loss, and plastic pollution. Anguilla’s participation in this initiative will seek to respond to marine challenges, manage their coastal and marine resources to spur economic growth and reduce poverty, while adapting to the effects of climate change.

Key Points: 
  • The Valley (Anguilla), Feb. 16, 2023 (GLOBE NEWSWIRE) -- The Government of Anguilla has officially become the latest member to join the United Kingdom's Ocean Conservation Programme Blue Belt initiative.
  • The UK’s Ocean Conservation Programme Blue Belt initiative seeks to steer progress by addressing the greatest challenges facing the world’s oceans today -- coastal management, biodiversity loss, and plastic pollution.
  • By joining the Blue Belt initiative, Anguilla demonstrates her commitment to biodiversity, the Blue Economy and sustainable management of its marine resources, as she aims to become the most sustainable island in the region.
  • The initiative is part of a series of new innovations launched by the Government of Anguilla which aim to deliver inclusive and sustainable Blue Economic growth across the island-state.

Joined by Philanthropist Melanie Lundquist and Impact Investor Kat Taylor, Inna Braverman CEO of Eco Wave Power Unveiled United States' First Onshore Wave Energy Technology at the Port of Los Angeles

Retrieved on: 
Thursday, January 26, 2023

The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.

Key Points: 
  • The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.
  • It is essential to invest in the Blue Economy and renewable energy like Eco Wave Power's first-ever onshore wave energy technology, which is clearly making waves in the environmental sector."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Joined by Philanthropist Melanie Lundquist and Impact Investor Kat Taylor, Inna Braverman CEO of Eco Wave Power Unveiled United States' First Onshore Wave Energy Technology at the Port of Los Angeles

Retrieved on: 
Thursday, January 26, 2023

The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.

Key Points: 
  • The demonstration of the technology is believed to be the first-ever onshore wave energy station showcased in the United States.
  • It is essential to invest in the Blue Economy and renewable energy like Eco Wave Power's first-ever onshore wave energy technology, which is clearly making waves in the environmental sector."
  • Just last year, Eco Wave Power entered into an agreement with AltaSea to implement a first of its kind wave energy pilot at AltaSea's premises at the Port of Los Angeles.
  • In just over a year, Eco Wave Power has successfully modified, upgraded, and transported the conversion unit to Los Angeles.

Plainsight and MarineSitu Announce Collaboration to Propel a Sustainable Blue Economy Into The Future

Retrieved on: 
Wednesday, January 4, 2023

SAN FRANCISCO, Jan. 4, 2023 /PRNewswire/ -- Plainsight, the leader in proven vision AI, today announced its collaboration with MarineSitu, a provider of state-of-the-art marine hardware and software, to create innovative vision AI monitoring solutions for the Blue Economy, enabling Marine Energy devices to coexist harmoniously with aquatic life. Plainsight's managed services and vision AI tools will be integrated with MarineSitu's user-friendly underwater camera and sonar software and hardware for faster, lower-cost video processing, analysis, and alerting. This partnership will deliver underwater intelligence to MarineSitu users and customers, reducing environmental risks and mitigating negative impacts across the Blue Economy.

Key Points: 
  • This partnership will deliver underwater intelligence to MarineSitu users and customers, reducing environmental risks and mitigating negative impacts across the Blue Economy.
  • The Blue Economy relates to "sustainable use of ocean resources for economic growth," according to the World Bank.
  • In 2018, the American Blue Economy supported 2.3 million jobs and contributed $373 billion to the US GDP.
  • With Plainsight, MarineSitu is poised to deliver powerful vision AI solutions to marine energy customers for continuous underwater monitoring and real-time data processing.

Shenzhen Global Marine Forum to Focus on Ocean Leadership, Sustainability

Retrieved on: 
Monday, November 28, 2022

SHENZHEN, CHINA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- The Shenzhen Global Marine Economy Forum 2022, the executive strategy session of the high-powered China Marine Economy Expo, opened Thursday with the aim of further developing China's booming "Blue Economy" and boosting global exchange and cooperation.

Key Points: 
  • SHENZHEN, CHINA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- The Shenzhen Global Marine Economy Forum 2022, the executive strategy session of the high-powered China Marine Economy Expo, opened Thursday with the aim of further developing China's booming "Blue Economy" and boosting global exchange and cooperation.
  • This year's marine forum, titled "Leadership for the Sustainable Expansion of the Marine Economy," will bring together dozens of senior government officials, top business executives, leaders of global organizations, academic experts and renowned thought leaders.
  • "The Shenzhen Global Marine Economy Forum is a bridge for exchanges and communication between Shenzhen and the rest of the world," said Huang Min, deputy mayor of Shenzhen Municipality, during the opening ceremony.
  • The Shenzhen Global Marine Forum is hosted by the China Oceanic Development Foundation, Global Ocean Capital Promotion Council of Shenzhen and the Yantian District People's Government of Shenzhen.

Future Planet Capital backs Roslin Tech’s momentum with further investment

Retrieved on: 
Friday, November 4, 2022

We are very pleased that Future Planet Capital continues to support us both financially and strategically.

Key Points: 
  • We are very pleased that Future Planet Capital continues to support us both financially and strategically.
  • Future Planet is the impact-led venture capital firm built to back growth companies from the world's top universities and research ecosystems.
  • Future Planet Capitals goal is to profitably solve the world's greatest challenges in climate change, education, health, sustainable growth & security.
  • Future Planet Challenge Response II (CRII) is a thematic basket investing in top companies directly combating the effects of climate change.