Aquaculture

See all articles

World's largest shrimp farm gets set for take off

Things are coming together for what was once considered by many as a mere pipe dream.

With all environmental approvals and native title deals locked away, more than AUD 70 million ($54.7 million/€46.4 million) of funding from local and federal governments to build, and international buyers and funders circling to grab a slice of the action, it now appears possible the world's biggest shrimp farm may just take off, reports The Australian.

Project Sea Dragon, when fully completed by 2025, aims to produce 150,000 metric tons of black tiger prawns annually, valued at AUD 1.7 billion (€1.1 billion/$1.3 billion) in export earnings from 10,000 hectares of ponds.

---

For more seafood news and updates, follow us on Facebook and Twitter or sign up for our daily newsletter.