Over the past 2,000 years, mankind has nearly exhausted the mineral resources available to mine on the 30% of earth’s surface that’s dry. As the worldwide population continues to grow exponentially, it’s crucial to explore alternative methods of extraction of these much-needed resources. After all, they’re vital to building societies’ infrastructure and feeding the population.
Deep below the ocean’s surface lies billions of dollars’ worth of gold, copper, zinc, phosphate, and other precious commodities.
The technology we have today for offshore mineral mining is far superior and more cost effective than anything we had before. And we’re simply adapting existing technology faster, accelerating the attractiveness of seafloor mining. The same methods used in ocean dredging for many decades are already applied globally in seafloor aggregate and diamond mining.
Thankfully, now these valuable assets are readily findable and accessible through robotic technology that allows us to extract these deep-ocean mineral resources in an economical and environmentally sensitive way.
All of Odyssey’s current projects involve subsea mineral resource development. Environmental considerations are deeply ingrained into every aspect of our business and operating framework and will not proceed with projects unless world-class environmental science supports that resources can be recovered in an environmentally responsible way.
We design our project plans with a goal of achieving leading global standards for environmental responsibility at every stage, beginning with initial research and continuing through exploration.
Important considerations during our research phase include limiting sound, minimizing materials released into water columns and striving to avoid incidents of pollutant or harmful toxic materials released into the water column. It is important to note that during our company history of conducting extensive offshore operations on many ships and in many locations throughout the world, Odyssey has never had to file a pollution claim with its insurers. All of these measures help reduce potential impacts to ecosystem function to biomass and biodiversity.
Each exploration project includes environmental surveys and studies that will inform an Environmental Impact Assessments (EIA). Our surveys are compliant with local jurisdictional requirements and generally follow International Seabed Authority (ISA) recommendations. The outcome of this work informs future steps in the best interest of protecting the environment should full-scale extraction occur. Our studies also include a baseline assessment that will drive mitigation strategies to minimize environmental impact. Areas of focus for baseline studies include chemistry (chemical and geological oceanography), mammal and other living organism behavior (biology and ecosystems analysis) and physical impacts with the atmosphere and marine environment (physical oceanography)
To ensure that our approach is in line with leading global standards, our projects are conducted under the supervision of a Chief Environmental Scientist for environmental management, and a Qualified Person (QP)/Competent Person (CP) to assure mineral resource confidence. We are also advised by a Seabed Mineral Advisory Board comprised of technical advisors and subject matter experts.
Odyssey is committed to maximizing possible transparency of environmental information. We share environmental data collected with our partners, host governments, and academic institutions where such data is not commercially confidential. We also encourage our environmental scientists to publish their findings and submit information for peer review.
Odyssey maintains compliance with standards for safeguarding health, safety and the environment such as International Organization for Standardization standards. Additionally, Odyssey abides by the codes of conduct, practices and principles of the IMMS (https://www.immsoc.org).
Environmental stewardship is central to our business.
Our passion for the ocean extends to our commitment to protect the environment and minimize adverse impacts to maintain the health of our oceans.
While every project we work on is unique, all project plans are designed with a goal of achieving the highest global standards for environmental responsibility.