"…Svalbard Seed Bank is meant as a sort of safety net, a reserve of last resort and the vault functions like a genetic safety deposit box. It stores duplicate specimens from genebanks worldwide and while the Svalbard seed bank owns the building, the individual depositor owns the contents of his or her box and the access to individual specimens is regulated by their respective depositors.
The facility currently has a capacity to conserve 4.5 million seed samples. With approximately 1.5 million distinct seed samples of agricultural crops thought to exist, the Svalbard Seed Bank can store roughly three of each sample. Under the current temperature conditions in the vault (temperatures similar to those in a kitchen freezer) the seed samples can remain viable to begin new crops for anywhere from 2000 to 20,000 years.
The seed bank is located in an old copper mine on remote northern island of Spitsbergen, Norway. The main storage is 120m inside a sandstone mountain, on a tectonically dead island. The bank employs a number of robust security and preservation systems. Seeds are packaged in special four-ply packets and heat sealed to exclude moisture. A local coal mine and powerplant supplies the electricity for refrigeration control. The remote northern location also serves as a natural fridge. In the case of complete power failure at least several weeks will elapse before the temperature rises to the ?3 °C of the surrounding sandstone bedrock.
The Svalbard Global Seed Vault opened for deposits officially on February 26, 2008 with the construction of the vault financed entirely by Norwegian Government. The operational cost is currently shared by Norway and the Global Crop Diversity Trust.…"