Land-based shrimp farmer Natural Shrimp launched its new Webster City, Iowa facility Tuesday, with plans and decisions related to the project to be determined in the future.

The company agreed to acquire the assets of barramundi farmer Alder Aqua for $10 million (€8.5 million) in August.

The company is currently converting additional square footage used as storage into a shrimp processing facility.

Natural Shrimp's three Iowa facilities hold tanks and infrastructure, which could support the company's production model.

The facility bought off Alder Aqua holds 240 tanks, each with a capacity of 10,000 gallons.