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dc.contributor.advisorLiu, Yajie
dc.contributor.advisorHermansen, Øystein
dc.contributor.authorGombau, Ronan
dc.date.accessioned2022-09-05T08:10:16Z
dc.date.available2022-09-05T08:10:16Z
dc.date.issued2022-06-12
dc.description.abstractSeaweed farming is considered to have a high potential in Norway, but some uncertainties about its profitability remain. This thesis investigates the economic feasibility of small-scale seaweed farming in Norway through economic modelling and sensitivity analysis. In total, 768 farming scenarios are constructed in this study to test the profitability of different techniques and methods for seaweed cultivation in a 9 hectares coastal area. The model identifies a number of opportunities to improve profitability and shows that under certain conditions, seaweed farming can be profitable in Norway. Those conditions include using horizontal growlines with a narrow spacing of 4m and the method of partial harvesting. Under those conditions, the seaweed farm model yields a net present value of NOK 1 513 561 after 10 years, considering a discount rate of 10%. Those relatively low profits imply that the risk associated with the project is relatively high, with a -19% decrease of either the yield or the market price of seaweed bringing the net present value to 0. The industry and its stakeholders must therefore continue their efforts to increase profitability of small-scale seaweed farming in order to significantly develop it in Norway.en_US
dc.identifier.urihttps://hdl.handle.net/10037/26627
dc.language.isoengen_US
dc.publisherUiT The Arctic University of Norwayen_US
dc.publisherUiT Norges arktiske universiteten_US
dc.rights.accessRightsopenAccessen_US
dc.rights.holderCopyright 2022 The Author(s)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0en_US
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)en_US
dc.subject.courseIDFSK-3910
dc.subjectAquacultureen_US
dc.subjectSeaweeden_US
dc.subjectMacroalgaeen_US
dc.subjectSugar kelpen_US
dc.subjectFeasibility studyen_US
dc.subjectSaccharina latissimaen_US
dc.titleFinancial feasibility of seaweed farming in Norwayen_US
dc.typeMaster thesisen_US
dc.typeMastergradsoppgaveen_US


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Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)