A new pilot facility -- CO2Bio -- has been launched in Mongstand, Norway, and is aiming to cultivate algae into raw material for salmon feed with the aid of CO2.
Some NOK 6 million (€739,200/$1 million) in funding from the Norwegian state gave way to the kick-off to the project, Svein M. Nordvik, managing director at CO2Bio, told IntraFish.
The company had already been guaranteed NOK 2 million (€246,400/$334,056) from Hordaland County Council, NOK 3 million (€369,600/$501,084) from the Norwegian Seafood Research Fund (FHF), and NOK 1 million (€123,200/$167,028) from the borough councils in Nordhordland, where Mongstad and the production plants are located These guarantees were dependent on the plant’s cost of NOK 12 million (€1.5
