Importance Of The Blue Economy And Aquaculture
The blue economy and aquaculture play a crucial role in providing food security and generating economic opportunities while promoting sustainable development. Aquaculture, in particular, has been identified as a key sector to address the challenges of food security and economic development, especially in regions where there is a high demand for fish and limited opportunities for wild-capture fisheries. The blue economy, which encompasses a wide range of economic activities related to oceans, seas, and coastal areas, has the potential to generate significant economic benefits while promoting the sustainable use of marine resources. By investing in the blue economy and aquaculture, we can create sustainable livelihoods, reduce poverty, and promote environmental conservation.
Why Food Security Is Important:
Food security is of paramount importance as it directly affects the well-being and stability of individuals and communities. At our consortium, we recognize the significance of food security and have adopted an end-to-end approach to ensure its attainment.
As a consortium, we have established a comprehensive value chain that starts with our hatchery, Jumbo Fish Farm (JFF), which produces high-quality monosex fingerlings of Tilapia and Catfish. By supplying these fingerlings to farmers, we contribute to the availability of fish as a nutritious food source. Additionally, JFF serves as a training center, equipping farmers and stakeholders with the necessary skills and knowledge for successful aquaculture practices, thereby enhancing their capacity to produce food sustainably.
Continuing along the value chain, our fish processing factory, Vemric, acts as the final off-taker of all fish produced. This not only provides a ready market for farmers but also ensures that the fish reach local and global markets, promoting accessibility. Furthermore, Vemric’s collaboration with the Scandinavian Biogas company allows us to effectively manage by-products and waste, turning them into valuable resources such as biogas and raw materials for feed production. This approach minimizes waste, maximizes resource utilization, and supports the principles of circular and green economies.
By implementing this end-to-end approach, our consortium contributes to food security in multiple ways. We enhance the availability of fish as a vital source of nutrition, improve access to markets for farmers, and actively manage by-products and waste to minimize losses and promote sustainability.
The consortium is actively committed to sustainable waste management practices in the aquaculture industry. In line with this commitment, Vemric has forged a valuable partnership with a Scandinavian Biogas company to ensure effective utilization of fish by-products and promote environmental stewardship.
This partnership focuses on waste management and aims to convert fish by-products into biogas, a renewable energy source. By employing advanced biogas production technology, Vemric and its Scandinavian partner can efficiently process fish waste, transforming it into a valuable resource. This process not only helps minimize waste and environmental pollution but also generates economic and environmental benefits.
The consortium recognizes the importance of responsible waste management in the aquaculture sector. By utilizing fish by-products to produce biogas, they demonstrate a commitment to circular and green economy principles. This approach ensures that waste is not simply disposed of but is instead utilized to create economic value and contribute to sustainable development.
In addition to biogas production, the consortium also focuses on utilizing fish waste as a raw material in feed production. This further enhances waste management practices by maximizing the utilization of by-products. By incorporating fish waste into animal feeds, the consortium reduces waste and contributes to the production of nutritious and affordable feeds for farmers in the aquaculture sector.
The consortium demonstrates its commitment to responsible and sustainable operations by prioritizing waste management and forming partnerships with experts in the field. The collaboration with the Scandinavian Biogas company not only improves waste management practices throughout the aquaculture value chain, but it also demonstrates the consortium’s commitment to innovation and environmental commitment.
The Growing Population:
As the global population continues to grow, there is an increasing demand for food, which places pressure on the agriculture and fishing industries.
The Aquaculture Consortium recognizes the importance of meeting this demand sustainably and efficiently, while also promoting economic growth and social development.
Through its initiatives in aquaculture, the consortium is working towards addressing food security challenges by increasing the availability of fish as a source of protein, creating employment opportunities, and promoting sustainable practices that protect natural resources.