THE GROWTH OF THE BLUE ECONOMY
The oceans are increasingly being seen as a source of sustainable food, energy, minerals and even pharmaceuticals. This drive needs to be carefully balanced with environmental protection and sustainable exploitation of marine resources. Subsea technologies have a crucial role to play, and innovations developed for more traditional industries such as oil and gas now find exciting new applications in aquaculture and offshore renewables. With our extensive background in technology development, we can provide you with solutions for navigating, positioning, monitoring and communicating subsea.
As the global demand for seafood increases, aquaculture production has now overtaken catch fisheries and growth is predicted to continue over the coming decades. Aquaculture is an important component of the blue economy from a food security perspective, as well as economics and health. The emergence of trends such as automation of feed and monitoring, the use of robotics to improve operational efficiency and the move to deeper waters rely on the ongoing development of enabling technologies. Our reliable and proven subsea products help you locate and track your divers and ROVs, map the seafloor and monitor your cages.
Offshore wind is a rapidly growing source of renewable energy and is being adopted by countries around the world. With global capacity predicted to reach 60GW by 2024, offshore wind is a critical component of the future global energy mix. A drive to reduce costs, improve efficiency and go to deeper water with floating structures means there is a real need for reliable and innovative technology.
As the popularity of green technologies grows, there is an increasing demand for the metals that enable these new technologies, such as cobalt and manganese. Mining these minerals from the seafloor has been under consideration for decades, but developments in subsea technology and changing economic factors mean the commercial exploitation of subsea minerals is increasingly viable. Exploration activities are occurring all over the world in highly challenging environments.