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March 30, 2016

Australia

Seafarms’ Sea Dragon Wants Foreign Investors

 

Driven by a dearth of capital in Australia, Seafarms Group, Ltd., is looking overseas for $115 million to start a giant tiger shrimp (Penaeus monodon) farm in northern Australia.  When fully developed, the $1.15 billion Sea Dragon project will produce 100,000 tons of shrimp a year, mostly for export.  Executive Director Chris Mitchell said, “It’s much less likely to proceed without foreign investment.”

 

Information: Chris Mitchell, Sea Dragon Project, Seafarms Group, Limited, Level 11, 225 St George’s Terrace, Perth, Western Australia 6000, Australia (phone +61-8-9321-4111, fax +61-8-9321-4411, email info@seafarms.com.au, webpages http://seafarmsgroup.com.au/project-sea-dragon and http://seafarmsgroup.com.au).

 

Source: Bloomberg.  China’s Money Could Help Kill Two Cows Every Minute in Australia.  Angus Whitley.  March 29, 2016.

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