Wyoming-based Aquabanq has acquired land in West Virginia to build what the company is describing as a multimillion-dollar land-based recirculating aquaculture system (RAS) shrimp farm.

The company said Friday it acquired land in the Capon Bridge Technology and Business Park, located in Hampshire County, West Virginia to construct two farming units, capable of producing a combined total of 550,000 pounds of shrimp annually, with a total investment of $8 million (€7.3 million).

AquaBanq worked with the Hampshire County Development Authority to purchase 10 acres of land for the project at around $223,215 (€203,130).