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The area includes two zones and represents the largest offshore concession for sustainable marine aquaculture ever
.
.
The original 20-year agreement authorized Forever Oceans to conduct marine farming in automated pens off the coast of the northeastern Brazilian state of Bahia, home to the vast majority of shrimp farming in the country
.
.
Forever Oceans will use them to farm amberjack, locally known as "olho de boi" or remeiro
.
The onshore hatchery in Ilheus, Bahia, will grow fingerlings from eggs for placement in large deep-sea enclosures
.
Initially, 24 automated paddocks were planned in two marine areas
.
.
The onshore hatchery in Ilheus, Bahia, will grow fingerlings from eggs for placement in large deep-sea enclosures
.
Initially, 24 automated paddocks were planned in two marine areas
.
Forever Oceans CEO Bill Bien met on Thursday with Jorge Seif Junior, Minister of Aquaculture and Fisheries at the Ministry of Agriculture, Livestock and Supply, to sign the agreement, which is expected to create up to 500 jobs over the next eight years
.
.
“Brazil has more than 8,500 kilometers of coastline and is one of the main frontiers for fish production, which generates jobs and income in addition to healthy food, jobs and income,” said Jorge Seif Junior
.
.
In 2018, the global marine aquaculture market produced 7.
3 million tonnes of finfish valued at USD 35.
4 billion
.
Global demand for mariculture fish is expected to triple to 21 million tonnes by 2050 as more consumers include fish as part of a healthy diet
.
3 million tonnes of finfish valued at USD 35.
4 billion
.
Global demand for mariculture fish is expected to triple to 21 million tonnes by 2050 as more consumers include fish as part of a healthy diet
.
"This agreement will help us meet the growing demand for delicious, nutritious seafood and provide us with room to expand and grow rapidly, as well as the opportunity to develop the world's largest sustainable seafood production capacity at sea," Bien said
.
"We will bring our different products to Brazilian waters, using our expertise in aquaculture, conservation and innovation to grow delicious and protein-rich fish in deep sea waters in a highly environmentally friendly and sustainable way, which is very beneficial for human beings.
And the ocean is good
.
"
.
"We will bring our different products to Brazilian waters, using our expertise in aquaculture, conservation and innovation to grow delicious and protein-rich fish in deep sea waters in a highly environmentally friendly and sustainable way, which is very beneficial for human beings.
And the ocean is good
.
"
In addition to the new base in Brazil, the Virginia-based company has research and technology facilities in Hawaii, offshore operations in Panama and plans to launch offshore operations in Indonesia
.
.
