The New Zealand government has approved an open ocean aquaculture project to grow aquaculture into a multibillion-dollar industry, Oceans and Fisheries Minister, Shane Jones, said on Friday.
The New Zealand King Salmon’s Blue Endeavour open ocean aquaculture project is expected to produce 10,000 tonnes of harvested salmon annually.
The project will generate export revenue of up to 300 million NZ dollars ($182.8 million) per year, Jones said.
It will develop salmon farming in the open sea, off the north Marlborough Sounds at the South Island’s north-easternmost point.
According to the minister, the project will be the first open-ocean aquaculture salmon farm in New Zealand.
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“It will provide more jobs for the region and benefit the economy by providing sustainable seafood to the world.
“There are currently too many hurdles causing delays for aquaculture projects, and these delays hurt our economy and the communities that rely on aquaculture,” he said.
New Zealand’s seafood is in high demand globally, which will contribute to the country’s export-led recovery, Jones said. (Xinhua)
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