Friday, July 12, 2024

Ocean Exchange Bestows Neptune Award to Tanzanian Biotech Company

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NovFeed, a Tanzanian biotech company, has won the Ocean Exchange’s 2022 Neptune Award for its solution to convert organic waste into aquaculture food.

According to the Ocean Exchange’s award announcement:

“Focused on replacement of fish meal in aqua-feed formulation, NovFeed has developed a biotechnological platform where organic waste is converted into a natural, traceable, and safe non-animal protein source for aquaculture feeds.

“Yearly, over 20 million tons of wild fish are caught and processed into feed for the fastest growing part of the world food system aquaculture. NovFeed’s sustainable high-protein alternative to fish meal allows for the replacement of the production of unsustainable protein ingredients, like fishmeal and soy protein concentrates that are extensively used in aquaculture feeds globally. For every single ton of waste recycled, 7.6 tons of carbon emission is reduced, per the NovFeed pitch.”

Ocean Exchange also bestowed its Wallenius Wilhelmsen Orcelle Award to Spain-based BeePlanet Factory for its repurposing of used batteries and the Transportation Hub Award to Portugal-based C2C-NewCap for its eco-friendly energy storage technologies.

Ocean Exchange Chief Executive Officer and Executive Director Millicent Pitts said:

“Now in our 11th year, this award competition was the largest and most competitive in our organization’s history. With a record number of nominations and impressive global reach, it was fitting that the award winners — hailing from Tanzania, Spain, and Portugal — reflected the international scope of an event that is tackling critical worldwide issues.”

John Liang
John Lianghttps://www.deeperblue.com/
John Liang is the News Editor at DeeperBlue.com. He first got the diving bug while in High School in Cairo, Egypt, where he earned his PADI Open Water Diver certification in the Red Sea off the Sinai Peninsula. Since then, John has dived in a volcanic lake in Guatemala, among white-tipped sharks off the Pacific Coast of Costa Rica, and other places including a pool in Las Vegas helping to break the world record for the largest underwater press conference.

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