BLUEGREEN GROUP | 20th12.2023

SkatteFUNN: – Two applications approved

With a position as one of the world's leading players in thermoplastics and specialized expertise in constructing floating closed fish farming facilities, research and development are strategically crucial aspects of our business. We are therefore very pleased to receive notification that two of our projects have been approved for SkatteFUNN over multiple years.

SkatteFUNN is a Norwegian tax incentive program designed to encourage research and development (R&D) activities in businesses. Through this program, eligible companies can receive a tax deduction for costs related to their R&D projects. This includes expenses such as wages, materials, and external services incurred during the development of new products, services, or processes. We are pleased to have been granted support for two of our projects.

Project 1: Production line for thermoplastic building elements

One project involves developing a production line for recyclable thermoplastic building elements. This is a crucial initiative in our commitment as the world's leading supplier of large floating closed containment structures.

"We aim to develop a fusion system tailored to the construction of thermoplastic building elements and plastic liners," explains Matias Pedersen, construction engineer at Bluegreen.

The goal is for the fusion system to perform operations in half the time and with 20% fewer defects compared to the current system. We also want it to be capable of welding angles between 20 and 340 degrees while eliminating the risk of mechanical stress, creep, and distortions in the area around the weld seam.

"The impact of such a production line will be higher quality in a shorter time. It's advantageous for the budget," says Pedersen.

Read more: "Fusion revolution"

Project 2: Closed containtment system in thermoplastics

The second innovation project approved for SkatteFUNN is a closed containment system in thermoplastics.

"We have learned a lot during the construction of the first Marine Donut," says Nils-Johan Tufte, CEO of Bluegreen. "We will use this knowledge to further develop the best solutions for operating fish farming in closed sea facilities."

The aquaculture facilities should be suitable for the production of both post-smolt and market-sized fish.

Read more: Marine Donut, sustainable and profitable fish farming

Important to invest in research and development

For Bluegreen, investments in research and development are a crucial part of the business.

"We are very pleased to have these two applications approved," says Tufte contentedly. "To maintain our position as one of the foremost in the world in thermoplastics, we must demonstrate that we are constantly working to develop new knowledge and products and production processes. With approved SkatteFUNN for these two projects, we have predictability for development support for the next three years."

"This is crucial for our commitment to floating closed aquaculture facilities. Our goal is to become the preferred supplier when such facilities are built worldwide."

Nils-Johan Tufte

Partner / CEO

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