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</svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/partners/cso/access-information-transparency/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/partners/cso/access-information/index.htm"> Transparency and access to information </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/accountability/complaints/index.htm"> EIB Group Complaints Mechanism overview </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/accountability/project-procurement-complaints/index.htm"> Project procurement complaints </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/accountability/anti-fraud/index.htm"> Investigating fraud and misconduct </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/accountability/evaluation/index.htm"> Evaluation </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/partners/cso/consultations/index.htm"> Public consultations </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/about/partners/eib-institute/index"> EIB Institute </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> </ul> </div> </div> </div> <div class=""> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--first"> What we offer <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__second"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/index.htm">Overview</a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Loans <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/public-sector/index.htm"> Loans for the public sector </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/framework-public-sector/index.htm"> Framework loans for the public sector </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/private-sector/index.htm"> Loans for the private sector </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/sme-mid-caps/index.htm"> Intermediated loans for SMEs, mid-caps and other priorities </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/loans/microfinance/index.htm"> Microfinance </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Equity <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/equity/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/equity/venture-debt.htm"> Venture debt </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/equity/infra-environment-funds/index.htm"> Investments in infrastructure and environmental funds </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/equity/sme-mid-caps-funds/index.htm"> Investments in SME and mid-cap funds </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Guarantees <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/guarantees/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/guarantees/credit-enhancement/index.htm"> Credit enhancement for project finance </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/guarantees/sme-mid-cap-guarantees/index.htm"> Guarantees in support of SMEs, mid-caps and other objectives </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/advisory-services/index.htm"> Advisory services </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Mandates and partnerships <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/investeu/index.htm"> InvestEU </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/eu-blending-facilities/index.htm"> EU Blending facilities </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/donor-partnerships/index.htm"> Donor partnerships </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/shared-management-funds/index.htm"> Shared management funds and financial instruments </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/efsd/index.htm"> EFSD Guarantee </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/index.htm#mandates"> All mandates and partnerships </a> </li> </ul> </div> </div> </div> </ul> </div> </div> </div> <div class=""> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--first"> Our work <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__second"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/index.htm">Overview</a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Our projects <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/all/index.htm"> All projects </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/pipelines/index.htm"> Projects to be financed </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/loans/index.htm"> Financed projects </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Our priorities <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/about/at-a-glance/eib-core-strategic-priorities">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/climate-action/index"> Climate and environment </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/innovation-digital-and-human-capital/index"> Digitalisation and technological innovation </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/innovation-digital-and-human-capital/sesi/index"> Security and defence </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/regional-development/index"> A modern cohesion policy </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/energy-natural-resources/agriculture/index"> Agriculture and bioeconomy </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/sustainable-cities-regions/urban-development/affordable-and-sustainable-housing"> Social infrastructure </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/global/index"> High-impact global investment </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/capital-markets-union/index"> Capital Markets Union </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Our regions of activity <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/european-union/index.htm"> European Union </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/enlargement/index.htm"> Enlargement countries </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/western-balkans"> Western Balkans </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/eastern-neighbours/index.htm"> Eastern Neighbourhood </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/southern-neighbours/index.htm"> Southern Neighbourhood </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/sub-saharan-africa"> Sub-Saharan Africa </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/latin-america-caribbean"> Latin America and the Caribbean </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/asia-pacific"> Asia and the Pacific </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/efta/index.htm"> EFTA countries </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/united-kingdom/index.htm"> UK </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/map.htm"> Global investment map </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul 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webRead eib-typography__title">A delicious solution</h1> <p class="eib-title__subtitle-body eib-typography__body mb-0"> With its high-tech approach to sustainable aquaculture, Munich-based Oceanloop is taking shrimp farming into the 21st century. </p> </div> <div class="eib-meta"> <span class="eib-typography__secondary-label eib-typography__secondary-author pr-0"> By </span> <div class="banner__name eib-typography__secondary-label webRead "> <a title='Peter Koh' href='https://www.eib.org/authors/peter-koh'> Peter Koh </a> </div> <span class="eib-date eib-typography__secondary-label webRead">3 December 2024</span> <div class="eib-typography__secondary-label" id="readRemainingGaugeElt"> </div>  <p class="eib-typography__secondary-label mb-0"><a class="listenNow"><i class="fas fa-headphones"></i> Listen </a></p> <div id="readspeaker_button1" class="rs_skip rsbtn rs_preserve hidden"> <a rel="nofollow" class="rsbtn_play" accesskey="L" title="Listen to this page using ReadSpeaker webReader" 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class="fa-solid fa-envelope fa-xl"></i></a> <a href="whatsapp://send?text=http://www.eib.org/en/stories/oceanloop-sustainable-shrimp" target="_blank" aria-hidden="true"><i class="fa-brands fa-whatsapp fa-xl"></i></a> </span> </div> </div> </div> </div> </div> </div> </div> <div class="eib-title__footer eib-title__footer--align-center"> <a class="eib-title__scroll-down animation-icon--move-down" href="#content"> <span class="eib-title__scroll-down--text">Read more</span><span aria-hidden="true" class="fal fa-arrow-down"></span> </a> </div> </div> </header> <main id="content"> <section id="70894132013625" class="eib-section eib-section--white contentText contentText__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-content-text eib-typography__body eib-component--item"> <p>White tiger shrimp have a problem: they’re so tasty that people can’t get enough of them. Demand for shrimp<em> </em>is growing at a rate of 8% a year as the world’s growing population seeks the delicious high-protein, low-fat crustaceans for their barbecues, curries, pasta, stir fries and keto diets.</p> <p>But satisfying this demand comes at a huge environmental and social cost. White-legged shrimp are on Greenpeace International’s seafood red list, because of their link to mangrove destruction, overfishing in the wild, pollution, and significant human-rights abuses in some countries.</p> <p>Munich-based Oceanloop aims to change that. “Our fully automated, indoor, shrimp-farming technology, is uninterrupted by climate, so we can farm day and night, in the winter and in the summer, almost anywhere in the world,” says Fabian Riedel, the company's chief executive.</p> <p>The aquaculture technology company has developed a new kind of shrimp farm that will allow the popular seafood to be raised and processed on land in cooler climates, such as that of Europe, with minimal environmental impact and optimal conditions for the animals.</p> </div> </div> </section> <section id="58922652885136" class="eib-section eib-section--white contentText contentText__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-layout--contained-col-8 eib-component--title"> <h3 class="eib-heading-3 ">Urban mangroves</h3> </div> <div class="eib-content-text eib-typography__body eib-component--item"> <p>Native to the Eastern Pacific Ocean, white tiger shrimp are the most farmed seafood species in the world. About 5 million tonnes a year are processed globally, mainly in Asia and Latin America, in multinational supply chains crossing countries like India, Thailand, Vietnam, China, Mexico, Ecuador and Peru. As a result, European consumers have little idea where their imported shrimp comes from or the conditions in which they were raised and processed.</p> <p>Oceanloop’s shrimp farms are a high-tech answer to this problem. Whereas most shrimp are farmed in outdoor circular ponds, Oceanloop’s shrimp are raised in a long, indoor, climate-controlled tank, divided by moving walls that separate the shrimp according to age. The sections use stacked horizontal layers, so that the animals can rest as they would in their natural habitat. The water is filtered and recirculated, in a closed-loop process partly powered by renewable energy, so that no antibiotics or other pharmaceutical products are needed.</p> </div> </div> </section> <section id="91294809463745" class="eib-section eib-section--grey quoteMedia quoteMedia__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="post-text-wrapper quote-w-img eib-component--item"> <div class="quote__image"> <div class="banner-img"> <figure class=" "> <picture> <source media="(max-width: 480px)" srcset="https://www.eib.org/photos/download.do?documentId=29a3cea2-c9fb-40b8-aa4a-c8d0ed52c70c&binaryType=M"> <source media="(max-width: 767px)" srcset="https://www.eib.org/photos/download.do?documentId=29a3cea2-c9fb-40b8-aa4a-c8d0ed52c70c&binaryType=L"> <source media="(min-width: 768px)" srcset="https://www.eib.org/photos/download.do?documentId=29a3cea2-c9fb-40b8-aa4a-c8d0ed52c70c&binaryType=L"> <source media="(min-width: 1200px)" srcset="https://www.eib.org/photos/download.do?documentId=29a3cea2-c9fb-40b8-aa4a-c8d0ed52c70c&binaryType=XL"> <img src="https://www.eib.org/photos/download.do?documentId=29a3cea2-c9fb-40b8-aa4a-c8d0ed52c70c&binaryType=XL" alt='©Oceanloop'> <figcaption class="text-right eib-typography__primary-label"><span role="copyright" class="eib-typography__secondary-label">©Oceanloop</span></figcaption> </picture> </figure> </div> </div> <div class="quote__testimonial"> <div class="quote-w-img__quote"> <blockquote class="eib-typography__quote--small "> “Shrimp farming in most parts of the world is a completely low-tech industry. It is today where the chicken industry was in the 1960s.” </blockquote> <div class="author mt-9 "> <h6 class="eib-typography__primary-label mb-1"> Fabian Riedel </h6> <p class="eib-typography__secondary-label mt-2"> Co-founder and co-CEO of Oceanloop </p> </div> </div> </div> </div> </div> </section> <section id="19534950853992" class="eib-section eib-section--white picture picture__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-content-text eib-typography__body eib-component--item"> <p>The technology also places animal welfare at its heart.</p> <p>“We noticed a few years ago that when shrimp reach a certain size, they tend to spend a lot of time sitting at the bottom of the tank,” says Riedel. “This is something they do in the wild, but they can’t in traditional shrimp farms because of the lack of space. Our ‘urban mangroves’ are like underwater skyscrapers, giving the shrimp much more space to relax. And with that we’ve gained a lot of efficiency in our production system because the shrimp love it.” </p> <p>The company also monitors the health and behaviour of the shrimp in real time, using cameras and artificial intelligence to spot signs of stress or ill health.</p> <hr /> <ul> <li><em>Read about <a href="/en/stories/farm-salmon-land-sweden">other aquaculture companies supported by the EIB</a>.</em></li> </ul> <hr /> </div> <figure class="eib-figure eib-component--item"> <picture class="lozad" style="display: block; min-height: 1rem" data-iesrc="https://www.eib.org/photos/download.do?documentId=3060b443-1df7-40c4-b55f-7ea326a59602&binaryType=original" data-alt=""> <source media="(min-width: 1200px)" srcset="https://www.eib.org/photos/download.do?documentId=3060b443-1df7-40c4-b55f-7ea326a59602&binaryType=original"> <img class="eib-rounded-item" src="https://www.eib.org/photos/download.do?documentId=3060b443-1df7-40c4-b55f-7ea326a59602&binaryType=original" > <figcaption class="mt-2 eib-typography__primary-label pt-2"> <span role="copyright" class="eib-typography__secondary-label">Oceanloop</span></figcaption> </picture> </figure> </div> </section> <section id="89626042106141" class="eib-section eib-section--white contentText contentText__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-layout--contained-col-8 eib-component--title"> <h3 class="eib-heading-3 ">Shrimp are also victims of climate change</h3> </div> <div class="eib-content-text eib-typography__body eib-component--item"> <p>Smart, sustainable aquaculture production methods are increasingly important for shrimp and other seafood species, because of climate change.</p> <p>Production in India was hit this year by heat waves as higher temperatures reduced the level of oxygen in outdoor ponds.</p> <p>Intense floods linked to climate change have also damaged farms in Vietnam, the Mekong Delta and other parts of the world.</p> <p>To reduce their impact on the climate and environment, Oceanloop’s farms are designed with circular economy principles in mind. Shrimp shells and heads, often discarded during processing, are used to make soup, while waste from the farms, including the exoskeletons shed by the shrimp as they grow, are converted into fertiliser and biogas.</p> </div> </div> </section> <section id="38296177848059" class="eib-section eib-section--white contentText contentText__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-layout--contained-col-8 eib-component--title"> <h3 class="eib-heading-3 ">Michelin-star quality</h3> </div> <div class="eib-content-text eib-typography__body eib-component--item"> <p>Oceanloop shrimps are already sold in restaurants and online through <a href="https://honest-catch.com/en" target="_blank">HONEST CATCH</a>, the company’s B2C online and B2B sales platform, which sells a variety of sustainable seafood. The high-quality produce has won over many fans, including Michelin-starred celebrity TV chef Alexander Herrmann and Michelin-starred chef Jason Grom, who serves the company’s seafood in his restaurant, Die Burg, in Donaueschingen, Germany.</p> <p>Now, the company is looking to increase production, first by expanding its pilot project in Kiel, on Germany’s Baltic Sea coast, and then opening a new, much larger farm on Spain's Gran Canaria, that will be powered by wind and solar power.</p> <p>To fund the company’s ambitious plans, the European Investment Bank has provided €35 million in venture debt, a long-term loan designed to help early stage and growing companies expand without diluting the ownership of existing shareholders.</p> <p>The financing is backed by a guarantee from <a href="https://investeu.europa.eu/index_en" target="_blank">InvestEU</a>, the European Union’s flagship scheme to stimulate investment in strategic sectors.</p> <hr /> <ul> <li><em>What is venture debt? Read about it </em><a href="/en/stories/what-is-venture-debt"><em>here</em></a>.</li> </ul> <hr /> <p>Scaling up production is crucial for the company to bring down costs and compete with cheaper imports. With the European Investment Bank's financing, production at Oceanloop’s Kiel plant will expand from 5 tonnes a year to 60 tonnes, and the new facility planned in the Canary Islands will eventually have an annual capacity of 2 000 tonnes per year. </p> <p>“Oceanloop’s innovative technology makes perfect sense and addresses all the problems associated with shrimp farming today,” says Ilaria Rubbini European Investment Bank loan officer. “To compete with cheaper imports, however, they need to scale up. Venture debt, or equity, is really the only solution for such a company.”</p> <p>“Their shrimp is also really good,” she adds. “I love fish, but I’m not such a big shrimp fan. But we tried it three or four different ways and it was really outstanding.</p> </div> </div> </section> <section class="eib-section pb-15 mb-4"> <div class="post-author eib-layout eib-layout--main-8/sidebar-3"> <div class="post-author__row eib-layout__row"> <div class="post-author__left eib-layout__main"> <div class="post__author-title eib-typography pb-0"> <h4 class="eib-section-title">About the author</h4> </div> <div class="eib-list eib-list--flex[1/4]"> <div class="eib-list__row eib-list__row--body pt-6"> <div class="eib-list__column"> <div class="eib-list__picture"> <img alt="Peter Koh" class="img-circle img-responsive" src="https://www.eib.org/photos/download.do?documentId=a29ad03f-0d6d-4a32-9d09-9d24081cc294&binaryType=M"/> </div> </div> <div class="eib-list__column"> <div class="eib-typography"> <h5 class="eib-card-title"><a title="Peter Koh" href="https://www.eib.org/authors/peter-koh">Peter Koh</a></h5> <div class="expandable-text paragraph-wrapper"> <p>Behind every project the European Investment Bank supports, is a story about real people and real issues. 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