Farmocean started its activities in Sweden in 1985. The technology is sprung out of the oil offshore industry, which at the time was a major industry in Göteborg.
Quite a few of the semi-submersibe oilrigs were produced at the ancient shipyard of Götaverken. Chalmers Technical University, Götaverken and SSPA Marine Consulting formed a joint venture company under the name of Farmocean and developed an off-shore system based on the same technology.
In order to withstand the enormous forces of wind and waves encountered off-shore, the main floating capacity is placed below the sea surface where the movements is far less than on the surface.