Atlantic Sapphire's struggles don’t diminish the promise of land-based aquaculture, says The Kingfish Company CEO

Land-based yellowtail farmer The Kingfish Company sees the reaction to Atlantic Sapphire’s problems earlier this month as binary in its impact on the discussion of the recirculation aquaculture systems (RAS) sector, The Kingfish Company CEO Ohad Maiman told IntraFish.

The sector has already proven that it is working, and at this stage it is no longer a question of whether it will survive or not, Maiman said.

Towards the end of August, Atlantic Sapphire's share price fell drastically after the company reported major losses during the first half of the year and low oxygen supplies at its Florida facility.