Ecuador shrimp industry gets $200 million credit lines boost for electrification program

The development comes as a timely boost for the industry, which is struggling with low prices, the removal of a diesel subsidy late last year and spiralling feed and security costs to combat the threat of organized crime.

Besides boosting the industry's competitiveness, electrification is expected to bring benefits for the environment by reducing the emission of harmful gases and toxic contaminants.
Besides boosting the industry's competitiveness, electrification is expected to bring benefits for the environment by reducing the emission of harmful gases and toxic contaminants.Photo: IntraFish
Published 16 September 2023, 18:14Updated 18 September 2023, 14:35
EcuadorFarmed shrimpCNACamara Nacional de Acuacultura (CNA)Jose Antonio Camposano