Middle Bay Sustainable Aquaculture Institute and AgriMarine Receive First Closed Tank for the Middle Bay Project
Sep. 28, 2010
Vancouver, British Columbia — AgriMarine Holdings Inc. (TSX VENTURE:FSH)(FRANKFURT:A2G) (the "Company" or "AgriMarine"), a leader in floating closed containment technology and production for sustainable aquaculture, and the Middle Bay Sustainable Aquaculture Institute (MBSAI) are pleased to announce the delivery in B.C. of the first marine based, commercial scale, solid wall, closed containment tank for the Middle Bay Project located at Campbell River, BC.
AgriMarine and MBSAI have partnered together on the Middle Bay Project and will now begin the construction and installation of the first of a marine based four-tank system with an initial commercial volume of 3,000 cubic meters. When complete, the Middle Bay Project will demonstrate a new marine based commercially adaptable technology that will offer the socio-economic benefits of fish farming without many of the negative environmental issues associated with traditional net cage fish farms. The completed tank will be stocked with Chinook salmon fingerlings.
"This new marine installation will mark a new era of sustainable coastal aquaculture in BC and demonstrate that the industry can transition to closed containment without putting the environment or the economy at risk. This is game changing technology and we are grateful for the support of our project partners," said Richard Buchanan, CEO of AgriMarine.
MBSAI is a not for-profit organization formed for the purpose of researching and developing the use of commercial-scale solid wall containment systems for aquaculture. Contributing to this project are the following Consortium members: AgriMarine Industries Inc., Coast Sustainability Trust, the Gordon and Betty Moore Foundation (GBMF) and Sustainable Development Technology Canada (SDTC), an arm's-length, not-for-profit corporation created by the Government of Canada. The project is also supported by the following environmental non-governmental organizations; the David Suzuki Foundation, Living Oceans Society, Coast Sustainability Trust, Georgia Strait Alliance, T. Buck Suzuki Environmental Foundation, and the Wilderness Tourism Association. AgriMarine and MBSAI are also very grateful to have the cooperation and support of the K'ómoks, Campbell River, Cape Mudge, and Homalco First Nation Bands.
About AgriMarine Holdings Inc.
AgriMarine is in the business of producing fish sustainably in its proprietary closed containment systems in China for the rearing of trout, salmon and other finfish such as tuna in floating solid-wall closed containment systems that allows for control of the rearing water environment. The technology resolves many of the environmental issues created by present net cage rearing practices worldwide and permits the installation of fish production systems in close proximity to consumer markets.###