In 2007/08 The United Nation’s Food and Agriculture Organization (FAO) projected that in order to maintain the current level of per capita seafood consumption, global aquaculture production will need to increase from 50 to 80 million tonnes by 2030.
Current open-water aquaculture systems are inefficient and are exposed to high risk, and there is only a handful of land/tank-based systems in the market. Against this backdrop, Aquaculture continues to be the fastest-growing animal-food-producing sector with an average annual growth rate of 6.6 percent since 1970; and the average world price for aquaculture species is expected to increase by 50% by 2020 compared to the average 2008-10 price.
The US$1Billion Live Reef Fish (LRF) Trade based in Hong Kong services a growing market in China. Singapore is also a significant player in the trade. The LRF Trade is unable to secure a reliable supply of high value grouper species. Traders are continually looking for new supply sources, and their clients are looking for reliable supplies of fish of consistent size and quality.
Aquanue is commercializing a new, proven, advanced land-based aquaculture technology, SICRA™, that delivers superior growth rates and far lower mortality rates than existing systems, with higher yields, lower production costs, and minimal environmental impact. This makes it highly efficient and profitable – more so than any other system in its class.
SICRA is 3 x more productive (per square metre) than grouper sea cage aquaculture, with twice the growth rate and one tenth the mortality.
Aquanue is developing grouper hatchery and grow-out operations in Australia and China. The company has a high-calibre board and advisory, and will offer attractive exit opportunities for Investors.
Future growth will come through the expansion of the production capacity of the Australian grouper project, the development of JV projects and a Contract Grower network, and the addition of other species.
This is a long-term venture, well positioned to take advantage of growing consumer demand for quality live seafood product, within a growing and increasingly affluent population. It is scalable, and it is economically and environmentally sustainable.