US land-based shrimp farmer NaturalShrimp has formed a joint venture (JV) with technology company Hydrenesis for its $25 million (€20.4 million) project which is expected to launch in the first quarter of the year.

NaturalShrimp has partnered with Hydrenesis -- a private technology owner and technology commercialization company that partners with leading IP holders and industry insiders to commercialize innovative technologies -- to build a premier indoor shrimp production facility in northern Florida.