Welcome to Norway, the country where blue growth rhymes with circular economy.
After eight years of intense proselytism, we can finally announce that the biomarine economy has become a business reality. We have taught people to embrace new ways of thinking regarding the blue economy. We have repeatedly underlined the importance of trans-sectoral cooperation. We have helped our industry to think globally and to act locally. The next challenge facing our biomarine industry however is our ability to adopt a circular way of thinking when it comes to implementing blue growth.
Indeed, the way we produce, the way we consume, and the way we envisage the issue of recycling is critical for this blue circular growth. By using the resources made available in other industries, the waste of one product can essentially become the input of another product, thereby creating a new cash flow. This sounds and looks appealing, but is it feasible?
Norway, the leading biomarine country in the world, has decided to also become the first to model promoting this blue circular growth
BioMarine 2016 will focus on demonstrating the utility and feasibility of achieving a ‘full circle’ of the blue industry value chain. Extracting the ingredients and marine compounds produced during each stage of the value chain can help to produce new nutraceuticals, cosmetic products, or even cancer treatment drugs. Aquaculture is already ahead of the curve on this and has successfully managed to transform the by-products of their activities into blue gold. Seaweed and algae will be the next revolutionary ingredients from which we will extract the starch that will be used to produce bioplastics.
We will be touching the heart of circular blue growth. This new economic model will bring more balance between the way we use natural compounds and the way we consume them. It will also create hundreds of millions of jobs around the globe if we manage to convince governments to embrace this new way of conducting blue business.
Time to act, time to engage. I look forward to welcoming you in Oslo, from October 19 to 21.