Economic prospects for large-scale seaweed cultivation in the North Sea

Sander van den Burg, Cito Wakenge (Contributor), Petra Berkhout (Contributor)

Research output: Book/ReportReportProfessional

Abstract

The North Sea Farm Foundation pioneers seaweed cultivation in the North Sea. This project addresses the economic prospects of up-scaled production of seaweed, looking at production costs only. Scenarios for future large-scale seaweed production are formulated and evaluated using the EnAlgae economic model. Additionally, Monte Carlo analysis is performed. Based on the findings, we conclude that a significant cost reduction seems possible, with expected cost prices down to €1,200 per ton DM. If all goes well, relatively low-value markets such as the alginate market are within reach. More realistically, a mix of low- and medium-value markets is needed to cover the costs of seaweed production in the North Sea. Current developments show that these markets exist; especially in the food market where seaweeds can be promoted as organic, sustainable and fair trade.
LanguageEnglish
Place of PublicationWageningen
PublisherWageningen Economic Research
Number of pages19
DOIs
Publication statusPublished - 2019

Publication series

NameWageningen Economic Research momorandum
No.2019-012

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seaweed
economics
market
food market
Monte Carlo analysis
alginate
production cost
cost
sea
farm

Cite this

van den Burg, S., Wakenge, C., & Berkhout, P. (2019). Economic prospects for large-scale seaweed cultivation in the North Sea. (Wageningen Economic Research momorandum; No. 2019-012). Wageningen: Wageningen Economic Research. https://doi.org/10.18174/470257
van den Burg, Sander ; Wakenge, Cito ; Berkhout, Petra. / Economic prospects for large-scale seaweed cultivation in the North Sea. Wageningen : Wageningen Economic Research, 2019. 19 p. (Wageningen Economic Research momorandum; 2019-012).
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van den Burg, S, Wakenge, C & Berkhout, P 2019, Economic prospects for large-scale seaweed cultivation in the North Sea. Wageningen Economic Research momorandum, no. 2019-012, Wageningen Economic Research, Wageningen. https://doi.org/10.18174/470257

Economic prospects for large-scale seaweed cultivation in the North Sea. / van den Burg, Sander; Wakenge, Cito (Contributor); Berkhout, Petra (Contributor).

Wageningen : Wageningen Economic Research, 2019. 19 p. (Wageningen Economic Research momorandum; No. 2019-012).

Research output: Book/ReportReportProfessional

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van den Burg S, Wakenge C, Berkhout P. Economic prospects for large-scale seaweed cultivation in the North Sea. Wageningen: Wageningen Economic Research, 2019. 19 p. (Wageningen Economic Research momorandum; 2019-012). https://doi.org/10.18174/470257