A UK-based firm is reportedly planning to develop one of the world’s largest algae farms in Oman.
The decision to reduce service fee for patents, utility models and industrial designs for students, research centres and…425 Views | the publication reaches you by | Oman News
It said the mega algae cultivation project will be capable of producing 100,000 tonnes of algae per annum, with the first harvest expected in 2022.
It added that the global algae farming industry is projected to be worth around $48 billion over the next five years, citing the growing demand for environmentally-friendly and cost-competitive natural resources.
A plot has been provisionally allocated for the farm and a consultant will be appointed to conduct an environmental impact assessment while the investor finalises a feasibility study on the venture.
The UK and Oman will open a new joint training base in the sultanate early next year. The…435 Views | the publication reaches you by | Oman News
Do you have information you want to reach our readers?
Exclusive visuals from the newly-opened Oman Aquarium at Mall of Muscat.