Ireland to become world leader in sea technology with €365m project

THE lessons learnt from the Celtic Tiger are to be put to use in an ambitious €365 million research project to revolutionise the maritime economy.

Targeting niche areas of sustainable energy and new food sources, Ireland is taking the first step in creating thousands of jobs in a sector expected to be worth €400m a year by 2025.

The aim is to show the sea has more to offer than increasingly depleted fishing grounds.