Green light for Blue Economy CRC in Tasmania

$329 million research partnership announced

Green light for Blue Economy CRC in Tasmania

The University of Tasmania will lead the largest ever Cooperative Research Centre (CRC), bringing together expertise in seafood, renewable energy and offshore engineering.

The Blue Economy CRC aims to drive an evolution in marine-based industries, unlocking economic, environmental and technological benefits. It will work towards a future where integrated seafood and renewable energy production systems operate offshore that are safe, reliable, efficient and environmentally responsible.

The $329 million research project is a 10 year collaboration between 45 national and international partners from industry, research and government, underpinned by a $70 million cash investment from the Federal Government.

The Tasmanian Government is a supporting partner, along with local industry involvement.

Head office will be at the University of Tasmania’s Launceston campus, supporting a research community of 50 PhD students and 50 postdoctoral research fellows throughout the state and with partner organisations nationally and internationally.

The CRC will provide governance for the new industry capability to position Australia as the market leader in this field.

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