Offshore Industry issue 2 2021

Page 17

OCEAN MINING

Seabed minerals can contribute to a greener and more sustainable future. They also represent a unique opportunity to establish a new ocean industry.

opportunity for value creation we see in this market with an estimated USD 83 billion worth of resource potential on the NCS alone”, says Ståle Rodahl, Executive Chairman of SeaBird and Green Minerals.

Green shift

Moving the world from its reliance on fossil fuels to renewable energy will increase the demand for minerals to support the green shift. Such minerals are central to renewable

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technologies such as batteries, wind turbines, solar panels, but also the electrical infrastructures for power distribution. Some of these metals are a source of concern due to uncertain future supply, either due to inadequacy between future demand/supply projections or because their current supply is currently limited to a few countries. Improved recycling efforts will only cover the growing future demand for metals. Production at onshore mines is challenged

by controversial working conditions and puts severe stress on resources and the environment. Marine minerals can raise the supply of raw minerals and reduce the environmental impact of mineral mining.

Norway prepares for seabed mineral exploration

On 12 January, the Norwegian government announced the start of a public consultation period for an environmental impact study,

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Offshore Industry issue 2 2021 by Yellow & Finch Publishers - Issuu