Nueva Pescanova, in collaboration with the Spanish Oceanographic Institute (IEO) in octopus farming research, has hit a new milestone in culturing the species, the company said Thursday.

Based on recent developments, the company plans to start commercial production of farmed octopus in 2023, it said.

In 2018, Nueva Pescanova announced octopus farmed at research facilities had reached market size for the first time. Now, one of those octopus has reproduced in captivity, closing, for the first time ever, the production cycle in octopus farming.