Wednesday, Aug 21, 2019
HomeBusinessGrand Bahama firm successful in IDB Blue Tech Challenge

Grand Bahama firm successful in IDB Blue Tech Challenge

Clean Marine Group Limited from Grand Bahama has been chosen as one of the winners in the Inter-American Development Bank’s (IDB) Blue Tech Challenge, and will see its facility expanded to a 200 million gallon waste processing facility.

A release from the IDB explains that 50 applications from 12 countries were submitted, but only projects from The Bahamas, Barbados, Belize, Haiti and St. Lucia came up as winners.

Clean Marine’s proposal for its “MARPOL1 port reception facility” in Freeport uses “new and innovative patented technology to break oil and water emulsions and process contaminated water”.

The release states that the MARPOL1 facility can presently process more than 50 million gallons of waste from cruise ships and commercial vessels per year, but will process 200 million gallons per annum thanks to its successful proposal.

According to the International Maritime Organization, MARPOL is the main international convention covering the “prevention of pollution of the marine environment by ships from operational or accidental causes”.

The other selected proposals were Ten Habitat Inc. from Barbados, which traces the tuna supply chain and enhances the product quality of the seafood through advanced testing; Oceana from Belize, which incentivizes sustainable fishing and connects Belizean fisherfolk with buyers using a virtual marketplace and a mobile application; Environmental Cleaning Solutions S.A. and Pan American Development Foundation from Haiti, which will collect, recycle and transform ocean-bound plastics into high-value synthetic lumber; and Algas Organics from St. Lucia, which aims to convert problematic sargassum seaweed into organic bio-fertilizer for export.

“The selected entities will initiate project design for their financing and/or technical assistance proposals to pilot their blue economy model in one of the five mentioned countries,” the IDB release states.

“These selected entities are now part of the IDB Group network of global innovators working in the region and poised to exchange knowledge, expertise, best practices, and with ample opportunities to participate in the IDB Group’s relevant regional networking events.

“The Blue Tech Challenge, which was launched in September 2018 and closed for applicants on November 30th, 2018, aimed to identify business models that apply new technologies or solutions to foster long-term sustainability of the ocean economy in 14 target countries: The Bahamas, Barbados, Belize, Guyana, Haiti, Jamaica, Suriname, Trinidad and Tobago, Antigua and Barbuda, Dominica, Grenada, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines.”

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
Impasse over resort
BTC celebrates Inter