Portugal Ocean Industry: a strategy for achieving ...§ã… · innovation and entrepeneurship...

Portugal Ocean Industry: a strategy for achievingsustained growth in theglobal economy

Lisbon, 8th February 2017

Presentation for

1. How Portugal’s Ocean Economy is performing?

2. How to tap Portugal’s Ocean Economy growthpotential?

3. Portugal’s Ocean Economy Investment Opportunities:

• Ports Competitiviness Strategy 2026 • LNG as the low-carbon blue fuel• Deep Sea Strategic Resources: Offshore Oil&Gas;

Methane Hydrates; Deep Sea Mining• Blue Biotechnology• Aquaculture• Ocean Renewable Energies

4. Financial instruments




• Ports Competitiviness Strategy 2026• LNG as the low-carbon blue fuel• Deep Sea Strategic Resources: Offshore Oil&Gas;



Ocean amounts for 97% of Portugal’s territory….

…but only 3,1% of the Gross Value Added (GVA)

Major Strategic Government Guidelines for Ocean Economy development

1. Strengthening traditional ocean economic activities: fishing and aquaculture, maritime transport

2. Empowering emerging economic activities: deep sea mining, biotechnology, ocean energy

3. Maximising Atlantic geostrategic centrality of the Portuguese Maritime space, in particular its deep and ultra-deep environments.

88

90

92

94

96

98

100

102

104

2010 2011 2012 2013

84

86

88

90

92

94

96

98

100

102

2010 2011 2012 2013

102.1

94.6

96.6

89.9

Portugal Ocean Economy GVAPortugal Total GVA

Portugal Ocean Economy EmploymentPortugal Total Employment

Portugal’s GVA: Ocean Economy vs. NationalEconomy, 2010-2013

(2010=100)

Portugal’s Employment: Ocean Economy vs. National Economy, 2010-2013

(2010=100)

FACT: Ocean Economy demonstrates a high degree of resiliencePOTENTIAL: Ocean Economy can be a source for sustained growth

Exports: 950 M€Exports growth: 23% since 2010

3,1% of national GVA: 4.680 M€3,6% of Employment: 160.766 jobs

A high potential and resilient source of economic growth

GVA per sector, 2010-2013

Fisheries, aquaculture,

product transformation

and commercialization

25,7%

Non-living marine resources

1,1%

Ports, transports and logistics

14,5%

Coastal tourism 35,5%

Naval Industry; 2,5%

Maritime equipment

3,4%

Maritime infrastructure

1,4%

Maritime Services15,8%

New uses and sea resources

0,2%

Fonte: INE, Conta satélite do mar

Fisheries, aquaculture, product transformation and commercialization

38,8%

Non-living marine

resources 1,5%

Ports, transports and logistics

9,4%

Coastal tourism28,6%

Naval industry2,7%

Maritime equipment

5,6%

Maritime infrastructures

1,8%

Maritimeservices11,6%

Employment, per sector, 2010-2013

Vast majority of GVA and employment is presently concentrated in Coastal Tourism, Fisheries and Aquaculture chain values

1

2

2

1

CHALLENGE:Diversify and augment the value matrix of Portugal's ocean economy for generating

high-qualified employment and high return investment opportunities

A high potential and resilient source of economic growth

Portugal Ocean Economy’s sources of transformation

TRANSFORMATION SOURCE 1:

LEVERAGE OCEAN SCIENCE+R&D SERVICES FOR GENERATING INNOVATION AND ENTREPENEURSHIP TO TRANSFORM THE VALUE MATRIX OF PORTUGAL’S

OCEAN ECONOMY

38,7%

21,9%

15%

8,7%

4,9%3,2%

Construction andbuilding activities

Science and R&Dservices

Other transportmaterials

Machine repair andinstalation services

Arquitecture andengineering services

Other products fromtransformation

industry

Investment in sea sectors, 2010-2013

Majority of the investment made is concentrated in 2 sectors: Construction andbuilding; Science and R&D Services

World Trade

Maritime WorldTrade

World GDP

OECD Industrial Production Index

GDP

Maritime trade in portuguese ports

Globalization Main Indicators, 1975-2014

MaritimeGlobalization

inflexion point

Portugal’sMaritime

Globalizationinflexion point

Portugal GDP vs Maritime Trade Growth, 2007-2014

• From 1990 onward, Maritime World Trade begins to growfaster than World GDP and independently from OECD Industrial Production Index – it is the Maritime GlobalizationInflexion Point

• This a direct result from the globalization process, whichdistributes products and services’ value chains around theglobe

• In that sense, the countries that are able to integratesuccessfully in this «circulation economy» can benefitgreatly from this new growth pattern

• From 2009 onward, maritime trade activity in Portugal beganto grow steadily

• From 2012 onward, maritime trade began to grow fasterthan GDP, in similar pattern of the World Economy – it isPortugal’s Maritime Globalization Inflexion Point

• This indicates that Portugal is successfully integrating in globalization’s «circulation economy»

• This also indicates that there is a huge GDP growth potentialfor Portugal to tap by integrating industries installed in itsport’s network in the distributed value chains ofglobalization’s «circulation economy»


Portugal’s Ports integration in world trade and industry global value chains is growing

Sources: World Bank,OECD,2015

Sources: INE,2015

Viana do Castelo

Leixões

Aveiro

Figueira da Foz

Lisboa

Setúbal

Sines

Portimão Faro

Ocean Renewable Energy ClusterSpecialized Vessels Cluster

Ocean Renewable Energy Cluster

Digital Ports ClusterGreen Shipping Cluster

Offshore robotics and engineering Cluster

Via navegável do Douro

Green Shipping

Cluster

Offshore robotics and engineering ClusterDigital Ports Cluster

Green Shipping Cluster Leisure Nautics Cluster

Green Port ClusterDigital Ports Cluster

Green Shipping Cluster

Leisure Nautics Cluster

PORTUGAL PORT TECH CLUSTERS Innovation Accelerators for Ocean Economy Competitiveness


Specialized Vessels Cluster

PenicheOcean Renewable Energy Cluster


USE PORTS AS ACCELERATION

PLATFORMS FOR DEVELOPING OCEAN

ADVANCED INDUSTRIES,

INTEGRATED IN GLOBAL VALUE CHAINS, THUS

TRANSFORMING PORTUGAL’S OCEAN

ECONOMYVALUE MATRIX



Ocean Renewable Energy ClusterDevelopment and test sites for ocean renewableenergies

Specialized Vessels ClusterSpecialzed vessels production (ex: LNG bunkering, O&G and offshore wind operationsindustry , ocean research, etc.)

Green Shipping Cluster LNG onshore and/or offshore refuel capacity; R&D+Innovation for port and vessel energyefficiency

Offshore robotics and engineering ClusterR&D and industrial services: offshore engineeringoffshore, autonomous vessels and underwaterrobotics

Digital Ports ClusterInstalled capacity of digitalization and integration of transport and logistics functions; Incubation of specialized start-ups in the digitalization of port and maritime services; optimization tools for port management (eg: big data applied to the predictive management of port handling flows)

Green Port ClusterDevelopment of industrial solutions that augmentports and shipping environmental sustinability(waste management, circular economy)

Leisure Nautics ClusterDevelopment of new business models andbuiding capacities for leisure nautics, specially in the Mega-Yachys segment


Viana do Castelo

Leixões

Aveiro

Figueira da Foz

Lisboa

Setúbal

Sines

Portimão Faro

Ocean Renewable Energy ClusterSpecialized Vessels Cluster


Digital Ports ClusterGreen Shipping Cluster


Via navegável do Douro

Green Shipping

Cluster

Offshore robotics and engineering ClusterDigital Ports Cluster

Green Shipping Cluster Leisure Nautics Cluster

Green Port ClusterDigital Ports Cluster

Green Shipping Cluster

Leisure Nautics Cluster

PORTUGAL PORT TECH CLUSTERS Innovation Accelerators for Ocean Economy Competitiveness


Specialized Vessels Cluster

PenicheOcean Renewable Energy Cluster


PORT TECH

CLUSTERS

INTEGRATED

INVESTMENT

AREAS

OceanEngineering

SubseaEquipments

Industry

OceanRoboticsIndustry

Electronic Component

s and Tooling for ROV / AUV

IntegratedCommunicatio

n Systems

Productionand PSV Vessels

Integration

integrated components and systems for surface-

subsea operations

Modular Construction

for greater agility in

global operations and

cost control+

naval innovation

Robotics systems specialized and distributed more effective innovative, more efficient and with lower CAPEX

and OPEXcosts

Information operations in real

time + total subsea production process +

demand for ocean monitoringto increase

productivity and lower costs

3 bunisess opportunities com 4 synergy areas


• Developing the ocean economy means developing new technology that is able to deliver innovative, efficient and environmentally sustainable solutions, creating new paths for a sustainable, secure and clean growth.

• The high-quality, cost-savvy, of Portuguese engineering human resources, industry and scientific system has been creating a stream of excellence that supports the development of the emergent offshore technology clusters

OceanEngineering

SubseaEquipments

Industry

OceanRoboticsIndustry

2.1. 3.

4.

PORTUGUESE SCIENTIFIC AND INDUSTRIAL CAPACITIES

+

PORT TECH

CLUSTERS

INTEGRATED

INVESTMENT

AREAS

3 bunisess opportunities com 4 synergy areas


http://cordexaqua.cordex.com/en-us/home.aspx

http://cordexaqua.cordex.com/en-us/home.aspx

• Portugal start-up ecosystem istaking off

• Lisbon was the 5th mostprefered city for starting up a company, right after Berlin, London, Amsterdam andBarcelona

• The number of Lisbon start-ups that get funding grew 4X in 5 years

• The new investments in oceaneconomy will benefit anddifferentiate this innovationdynamics that is transformingthe country’s economyfundamentals



LEVERAGE OCEAN SCIENCE+R&D SERVICES

FOR GENERATING INNOVATION AND

ENTREPENEURSHIP CAPACITIES


USE PORTS AS ACCELERATION

PLATFORMS FOR DEVELOPING OCEAN

ADVANCED INDUSTRIES, INTEGRATED IN GLOBAL

VALUE CHAINS

TRANSFORMING PORTUGAL’S

OCEAN ECONOMY VALUE MATRIX

STRATEGIC GROWTH GOALS – 2026 HORIZON:

1. Double Portugal’s Ocean Economy to 6% of national GVA (~8MM€)2. Increase 200% in shipping container handling 3. Increase 50% of naval industry GVA (60M€)4. Increase Ocean Renewable Energy GVA to 240M€5. Main Atlantic Ocean Start-up Hub6. Main Atlantic Green Shipping (LNG) Innovation Platform7. Main Atlantic Deep-Sea Resources Innovation Platform




• Ports Competitiviness Strategy 2026• LNG as the low-carbon blue fuel• Deep Sea Strategic Resources: Offshore

Oil&Gas; Methane Hydrates; Deep Sea Mining• Blue Biotechnology• Aquaculture• Ocean Renewable Energies


Portugal’s Ocean Economy Investment Opportunities

Ocean Investment

Opportunities

Deep Sea energy mineral

resources

OceanRenewable

Energies

Biologicalresources

Ports andShipping

Ports and ShippingBusiness Focus 1: Ports CompetitivinessStrategy 2026

CREATE 12,000 NEW JOBS UNTIL 2030

STRATEGIC OBJECTIVES

To adapt infrastructures and equipment to the increase of the size of the ships and thedemand and the connections to the hinterland

Improvement of operational conditions of port facilities

Create technological acceleration platforms and new skills in ports

A

C

B

STRATEGIC OBJECTIVES AND KPI

To adapt infrastructures and equipment to the increase of the size of the ships and thedemand and the connections to the hinterlandA

A.1. Reinforce affirmation of national ports in the global logistics

system

A.2. Capturing more national and international investment,

maximizing private and community investment

A.3. Increase the handling of containers in mainland commercial ports

A.4. Promote / Encourage Maritime, Fluvial and Terrestrial

Intermodality

Investment sources: 83% Private, 11% Public, 6% european

community

Increase container handling by 200% in mainland commercial

ports

KPI

Reduce port traffic by 20% and increase inland freight traffic


Improvement of operational conditions of port facilitiesB

B.1. To make companies in the sector

international references of know-how

and efficiency through the use of new

information and telecommunications

technologies and the introduction of

simplification of procedures

B.2. Ensure high efficiency standards in the

operational, labour, environmental,

energy and safety

KPI

Single window logistics implementation

Modernize VTS system, extension to entire national

territory

Integration in planning andlocal authorities

Create technological acceleration platforms and new skills in portsC

C.1. Encourage industry innovation and modernization

(training, R&D and technology)

C.2. Create technological acceleration platforms in ports for

new businesses in the advanced sea industries

C.3. Transform the Portuguese port system into a 'service area'

for supplying LNG ships and a LNG re-exporter hub

C.4. Increase the turnover and the degree of specialization of

the naval industry

Increase 50% of turnover in transversal activities

To create conditions for the supply of LNG vessels in the Mainland

Ports until 2026

Increase shipbuilding industry's 50% turnover

KPI


Viana do Castelo

Leixões

Aveiro

Figueira da Foz

Lisboa

Setúbal

Sines

Portimão

Investment: 429,5 M€Growth: 8,2 MTON (+44%)

Investment : 24 M€Growth: 1,2 MTON (+26%)


Investment: 670 M€*Growth: 56,9 MTON (+130%)

Investment: 35,5 M€Growth: 30 M€ / ano (+67%) Indústria Naval

Investment: 77,6 M€Growth: +15 % PAX

Investment : 36,1 M€Growth: 933 mTON (+47%)


Investment: 17,5 M€Growth: 165 mPAX

Total LoadGrowth: 78MTON

(+88%)Investment: 2,1 /

2,5**MM€

* In addition, about € 470 million of the second phase of the new container terminal Vasco da Gama.

** Includes 2nd phase of the new Vasco da Gama finishes in Sines.

Ports Competitiviness Strategy InvestmentsHorizon 2016 – 2026

Viana do Castelo

Leixões

Aveiro

Figueira da Foz

Lisboa

Setúbal

Sines

Portimão



Investment: 35,5 M€Growth: 30 M€ / ano (+67% Naval Industry)

Investment: 77,6 M€Growth: +15 % PAX

• Deepening of the Navigation Channel• Improvement of the Road Access

• New Container Terminal (Depth -14 m ZH)• Reconversion of the South Container

Terminal (TCS)• Increase Efficiency of Solid and Food Bulk

Terminal• Multimodal Logistics Platform (Poles 1 and 2)

• Douro 2020 Waterway

• Construction of Intermodal Terminal in the Zone of Logistic and Industrial Activities• Infrastructure of the Logistics and Industrial

Activities Zone• Operational implementation of the Liquid

Bulk Terminal

Ports Investment initiatives 2016 – 2026:North of Portugal Mainland

Port of Leixões

Port of Aveiro

Port of Viana do Castelo

Douro Waterway

Viana do Castelo

Leixões

Aveiro

Figueira da Foz

Lisboa

Setúbal

Sines

Portimão


Investment: 670 M€*Growth: 56,9 MTON (+130%)

Investment : 36,1 M€Growth: 933 mTON (+47%)


Investment: 17,5 M€Growth: 165 mPAX

• Improvement of maritime accessibility and infrastructures• Improved safety and operability at the

Port entrance

Ports Investment initiatives 2016 – 2026:Center and South of Portugal Mainland

• Improvement of Maritime Accessibilities

• New Container Terminal at Barreiro• Navigability of the Tagus Estuary to

Castanheira do Ribatejo• Construction of the New Cruise Terminal

(Phase 2)• Increase Efficiency of the Alcântara Terminal

• Expansion of Terminal XXI (3rd Phase)• New Container Terminal - Vasco da Gama Terminal

• Improvement of Maritime Accessibilitiesand Maritime Infrastructures

Port of Lisboa

Port of Figueira da Foz

Port of Sines

Port of Setúbal

Port of Portimão

Ports Competitiviness StrategyFuture Vision 2026

Ports and ShipppingBusiness focus 2: LNG as the low-carbon blue fuel

LNG hub in Portugal: a route for a sustainableeuropeanenergysecurity

• Portugal is located in the middle of the main core and non-core routes of trading in the world, making it a privileged player in the Bunkering Business, for both Commercial Trading, Tourism (Cruise Ships), deep-sea and short-sea shipping, enjoying a geographical advantage to bunker the majority of the ships arising from the Suez & Panamá Canal.

• The coast of Portugal is located in the Atlantic Ocean and this is not anemission control area (ECA).

• However the North Sea and Baltic region are already ECA zones and thereis a possibility that the Mediterranean Sea will become an ECA zone. In2020 the global sulphur cap of 0.5% will be effective for all non-ECAzones and deep sea shipping.

The potential of Portugal as LNG service station for vessels


The potential of Portugal as LNG service station for vessels

• ECA zones will indirectly affect the Portuguese ports. (Most of thetransatlantic traffic moves between ECAs, at least twice a year)

• Those issues are important for short sea traffic partners and for thePortuguese ports.

• The Directive of the European Parliament and of the Council on thedeployment of alternative fuels infrastructure indicates that an appropriatenumber of refueling points for LNG is provided at maritime ports to allow forthe circulation of LNG throughout the TEN-T Core Network, according tocommon technical standards until 2025 for LNG.


Portugal can act as an Atlantic LNG service station for vessels that use this energy source, using Sines portcomplemented with LNG Floating Bunkering units and/or ship-to-ship transfer solutions

This would reinforce the role of the Atlantic as a secure energy corridor for Europe, as well as reinvigorate the shipbuilding and naval industry.

Source: Cryostar.com, 2016

LNG Vessel Service Station

Source: http://www.klawlng.com/, 2016

LNG Ship-to-Ship Transfer

Source: http://hhpinsight.com/, 2016

The potential of Portugal as LNG service station for vessels (onshore and floating)


http://hhpinsight.com/

Summing up: LNG InvestmentOpportunities

LNG onshore and offshore bunkering for re-exporting and vessel refuelling to cope with Europe’s need to diversify gas sources

LNG innovative and cost-competitive shipbuilding and components production to cope with the need to drive down costs in the transport and bunkering value chain

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Ocean Investment

Opportunities


resources

OceanRenewable

Energies

Biologicalresources

Ports andShipping

PORT TECH CLUSTERS ACCELERATORS

Deep Sea StrategicResources Business Focus 1: Offshore Oil&Gas

Deep Offshore Oil&Gas

Portugal Oil&Gas Offshore resource (potential): 863 Mbbl

184 Mbblpotentital

679 Mbblpotential

Concessions Map: Deep offshore hydrocarbon is an area were investment from US companies is welcome in a frontier exploration region like Portugal

Concessions were granted trough direct negotiation between the companies with the Portuguese government and in the last Bidding Round of 2002

The contract model was defined within the International Bidding Round of 2002 for the attribution of rights in the deep offshore and according Decree-Law 109/94, of 26th of april.

3 Deep-Offshore Basins: Peniche, Alentejo and Algarve Basin

PenicheBasin

AlentejoBasin

AlgarveBasin

Deep Offshore Oil&Gas

Concessions map Available areas map

Deep Sea StrategicResources Business Focus 2: MethaneHydrates

Methane Hydrates

Commonly known as “burning ice”, methane hydrates are frozen geological formations containing encapsulated natural gas.

US Geological Survey estimates that gas hydrates are between 10 to 100 times as plentiful as US shale gas reserves worldwide—making it an abundant source of a clean-burning fossil fuel.

Potential sources of methane hydrates were identified both on the US Atlantic Coast, and in Portuguese platforms.

There is a great deal of R&D that needs to occur before this method can be considered economically viable.

The state-owned Japanese energy firm JOGMEC is moving to produce pre-commercial gas from a methane hydrate formation in the Sea of Japan in 2018 —capable of supplying 10 years of national consumption

Source: http://woodshole.er.usgs.gov/project-pages/hydrates/primer.html, 2016

Gas hydrates were recovered in Portugal and USA deep offshores

Known and inferred locations of gas hydrate occurrence

http://woodshole.er.usgs.gov/project-pages/hydrates/primer.html

Deep Sea StrategicResources Business Focus 3: Deep SeaMining

Deep SeaMining

Another area of strategic cooperation is more long-term: deep-sea mining of rare earth metals.

These are minerals of high strategic value because they are critical for a series of industrial appliances in many sectors: renewable energies, information and communication technologies, and electrical mobility

Presently, 90 percent of the world’s supply of these mineral resources is concentrated in onshore mining in China.

More than 50 percent of the current world’s supply of lithium is in Bolivia.

Manganese

Cobalt

Dysprosium

Deep SeaMining

Since developed economies are migrating to an electrified, renewable-based, and information-driven energy system, the result of further adoption of deep-sea mining will be the creation of new and potentially dangerous geopolitical dependencies if new sources of rare earth metals are not developed.

Nautilus Minerals, a Canadian firm, plans to start exploration into the Azores area in 2017.

The advantage of deep sea mining in the Atlantic is that it is geopolitically less risky, and economically and environmentally friendlier (higher percentage of extracted mineral per ton of rock, when compared to onshore mining).

There is an immense potential in the Azores hydrothermal vents, in the Madeira abyss, and in the Portuguese continental margin.

Portugal’soceanpossessesthe mostdiversemineral resourcesportfolio in the EU

Summing up: Deep Sea Strategic Resources InvestmentOpportunities

Scientific and industrial capacities for delivering R&D and innovative solutions for these frontier industries

Develop exploration activities gaining a competitive edge to cope with future demand industry strategic resources

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• Ports investments• LNG as the low-carbon blue fuel• Deep Sea Strategic Resources: Offshore Oil&Gas;




OceanInvestment

Opportunities


resources

OceanRenewable

Energies

Biologicalresources

Ports andShipping


Biological ResourcesBusiness focus 1:Blue Biotechnology

Hidrothermal vents ecossytems

- azores area

Gulf of Cadiz - Southeast

Continental Portugal

New species of ghost

shrimp found in mud

volcanoe

Adaptations to marine environmental conditions are diverse and often unique

There’s a high chemical diversity, of biomaterials andbioactives with unique properties with a high potential of

exploitation and profitability

Hydrothermal

vents

extremophyle

worms

Opportunities in BlueBiotechnology

• Bioprospecting for industrial purposes

• High yield Nutraceuticals

• Innovative Pharmaceuticals

• Advanced Aquaculture applications

Opportunities in BlueBiotechnology

POTENTIAL INDUSTRIAL APPLICATIONS:

• Starfish: tissue and members regeneration

• Marine biopolymers: applied to human health (collagen – sponges, shark skin, squid) for creating new tissues capable of being absorbed by humans

• Marine Biorefinery: applied to produce biofuels and bioplastics from microalgae

Shark skin

collagen

membranes

Sea stars

possess the

rare ability to

regrow lost

members

scaffold(tissue regeneration)

Bioplotter®red algae

Portugal has an high skilled research and innovation community for producing industrial applications in several emerging areas:

extractionRapid

prototyping

Summing up: BluebiotechnologyInvestmentOpportunities

High level of biodiversity with potentialof disruptive innovation in pharmaceutical and bio-based industries

High quality scientific and start-up dynamic ecosystem capable of delivering efficient and innovative solutions

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• Ports investments• LNG as the low-carbon blue fuel• Deep Sea Strategic Resources: Offshore Oil&Gas;



Biological ResourcesBusiness focus 2:Aquaculture

Aquaculture: a sustainable business with high growth potential

Aquaculture web portal

http://eaquicultura.pt/(soon available in English)

Aquaculture: a sustainable business with high growth potential

Strategic Plan for the Portuguese Aquaculture

Objective: increase production, sales and diversify the offer of Portuguese Aquaculture, on the basis of our guiding principles of sustainability, food quality and safety, in order to meet the consumption needs and foster local development and job creation

Simplifying Bureaucracy To Attract Investment

Aquaculture+The only European country licensing an aquaculture business in 3 months

Summing up: AquacultureOpportunities

High level of sustainable growthpotential, diversity of production to copwith european demand and need ofseafood self-sufficiency

Investment-friendly policies with low‘red-tape’ and strong financial supportmechanisms

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OceanInvestment

Opportunities


resources

OceanRenewable

Energies

Biologicalresources

Ports andShipping


Ocean RenewableEnergies Business Focus: Offshore Wind and WaveEnergy

Decarbonizeandreinforceenergysecuritywith bluerenewables

Ocean renewable energies can substitute the total consumption of coalin the portuguese electric energy mix

•Production of electricity from coal: 8M bbl/year, emissions ~8Mt CO2equiv

• Anual coal imports for electricityproduction: 18,4M bbl/year

• Imports costs: 285M€/year

• Floating offshore wind: 7,1M bbl /year, without CO2 emissions

•More security: endogenous energyproduction

•More value: production andmaintenance of the equipments bynational companies; creation of na export sector

•Reduction of 25% of the nationalenergy dependence

On track of COP 21 Summit

Oceanrenewableenergies: for a future sustainableenergysecurity

Ocean-based renewable energies, particularly floating offshore wind and wave energy, stand as a second area where the US and Portugal can enhance energy cooperation.

Floating offshore wind and wave energy are two frontier renewable sources that have immense potential for producing secure and sustainable electricity, hydrogen / syngas for ship fuel and desalinization of sea water

Source: http://www.boem.gov/, 2016;http://cmheavyindustries.com/, 2016

Source: http://www.sustainablecitiescollective.com/, 2016

Source: http://www.h2ocean-project.eu/, 2016

http://cmheavyindustries.com/

http://www.sustainablecitiescollective.com/

http://www.h2ocean-project.eu/

Oceanrenewableenergies: for a future sustainableenergysecurity

In Portugal, floating offshore wind has the potential for supplying 25% of the total consumed electricity, enough to substitute a coal power plant.

EDP, the main Portuguese utility, is a pioneer in the development of this new technology, as demonstrated by the Windfloat concept prototype.

In 2017, it will be created a 25 MW floating offshore wind farm in Viana do Castelo for demonstrating a scaling-up of the Windfloat technology.

In a recent report, US-based National Renewables Energy Laboratory has mentioned Windfloat as one of the most promising technologies of this kind.

Windfloat Technology Pilot in PortugalDeveloped by a Consortium led by EDP company, it is the most efficient floating windoffshore prototype in the world according to NREL

Portugal Offshore WindResource (potential): 7,1M bbl/year (equal to 25% of nationalelectricity consumption)

In focus:

Oceanrenewableenergies

Wave energy is a more experimental technology—due to its harsh operation environment.

Still, taking into account its power generating potential, it is worth investing in its development.

Portugal and Finland are working together in this area and would gain a lot of in combining resources for generating higher-scale initiatives.

Wareroller pilot in PortugalDeveloped by a consortium led by AW Energy, a finnish company, it assured financing from EU for scaling up to a demonstration project, thatis going online in the 3T 2016.

Portugal Wave Resource(potential): 100 bbl per 1m shoreline (500 km westcoast shoreline)

In focus:

New projects comingCopower, a swedish company, and Bombora, anaustralian technology, are considering Portugal as test lab for their prototypes.

FloatingOffshore Wind: highexportpotential

• Export market is huge, namely in Europe, which represents mor than80% of the global market until 2030 (UK and France).

• In 2013, there were licenced 22 GW offshore; in 2030 it is forecasted 65 GW.

• Market value of 227 bilion € (average cost of 3,5 M€ per installedMW)

• The portuguese industry can build the capacity for aquiring a quota of 59 bilion euros of this market:

• Towers, components and foundations: 39 billion €

• Blades: 20 billion €

• Equal to a tenfold increase of present market and employment

59MM€

Forecastedpotential market

in 2030:

Alternativebusiness models for using oceanrenewables

Production of electricity for Islandsand isolated territories, for substitution of imported fossil fuels

Water dessalinization: a high cost andenergy intensive process. Oceanrenewables can work as a viablesolution for islands and water-stressed territories

Power-to-gas (P2G): process that storeselectricity in the form of syngas orhydrogen for feeding gas network orpetrochemical units. Demonstrationprojects ongoing in Netherlands.

Fonte: www.offshorewindbiz.com

Fonte: www.industrytap.com

http://www.offshorewindbiz.com/

http://www.industrytap.com/

Synergiesblue+renewables

Oil&Gas Offshore Exploration

Offshore Aquaculture

Energizing maritime surveillanceplatforms

Fonte: www.marinelog.com

Fonte: Allard. 2009, University of Rhode Island

Fonte: www.gizmodo.com

Fonte: celebrating200years.noaa.gov/

Deep-sea Mining

http://www.marinelog.com/

http://www.gizmodo.com/

http://celebrating200years.noaa.gov/

Summing up: Oceanrenewableenergies

Strong local industrial and scientificcapacity, as well as natural conditions, for installing innovative and cost-competitive offshore wind and waveenergy industry facilities, to cope witheuropean and world demand of theseenergy production solutions

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Operational Programme for theEuropean Maritime and Fisheries

Fund in Portugal for 2014-2020

€ 507 807 536

www.mar2020.pt

85% maximum

support

FINANCIAL INSTRUMENTS

Blue Fund

Innovative public financial instrument focused on the development of the ocean economy, scientific research and protection of the sea environment.

The Blue Fund will prioritize the development ofsea biotech start-ups, underwater robotics,innovative shipbuilding, ocean energy,aquaculture technology and innovative solutionsfor ocean protection, safety, monitoring andsurveillance.

Resources: start in 2017 with a minimum of 15M€, with public resources.

The Blue Fund is open for the establishment of financial partnerships with national and international public and private bodies. These arrangements facilitate the scaling-up of industrial investments, since it opens a wider range of financing solutions with better conditions, like access to European Investment Bank credit.

The Blue Fund is managed directly by the Minister of the Sea.



• The EEA Grants will focus on SMEs, prioritizing the support forprofitable business solutions that promote positive environmentalimpacts, innovation initiatives and science endeavours.

• The total amount for EEA Grants will be about 40M€ during theperiod 2018-2021

Portugal Ocean Industry: a strategy for achievingsustained growth in theglobal economy

Lisbon, 8th February 2017

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