Australia's Seafarms Group inked an agreement with ParetoSecurities to make it its lead advisor in securing the funding required forstage 1 of the Project Sea Dragon, a $1.4 billion (€1.2 billion) 10,000-hectareblack tiger shrimp facility it is planning to develop in northern Australia.
The company has been developing the project for more than four years.
It was recently awarded major project status by the Northern Territory and Australian governments, and Seafarms recently kick-started the bankable feasibility study and the process to obtain all regulatory approvals and licenses required to construct and operate the facility.
This
