Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Chief and State Finance Minister Datuk Seri Musa Aman stresses the importance of using sustainable methods. (Photo: StockFile)

Deal signed for world's biggest lobster aquaculture park

Click on the flag for more information about Malaysia MALAYSIA
Wednesday, November 07, 2012, 00:40 (GMT + 9)

Darden Aquascience Sdn Bhd, a subsidiary of Darden Restaurants Inc, has signed a deal to build the first-ever Integrated Lobster Aquaculture Park (iLAP) in Semporna, Sabah, with Nexus Sustainable Seafood Sdn Bhd and Inno Fisheries Sdn Bhd.

The MYR 2 billion (USD 652.9 million) 9,300 ha-park would generate more than 14,000 high income jobs by 2022 and up to 40 million lb of hatchery-based tropical Sabah native spiny lobsters once it reaches maximum capacity in 2029.

It would be the biggest lobster farm in the world. The plan is to sell the crustaceans in Asia and supply them to Darden’s restaurants.

The pilot hatchery is expected to begin next year, Borneo Post reports.

"I wish to emphasise that we welcome Foreign Direct Investments from strategic partners that are able to stimulate the local economy and generate income for Malaysians in Sabah,” said Chief and State Finance Minister Datuk Seri Musa Aman. "Our cooperation with Darden Inc is timely as we move forward to unlock the potential of Sabah's natural endowments using sustainable methods.”

Musa said it marked a significant milestone for Malaysia’s aquaculture industry. He estimates the global market for lobsters at over USD 4 billion a year with the Asia Pacific region, particularly China, making up about 75 per cent, Daily Express reports.

"The pioneering sustainable lobster aquaculture initiative would place Malaysia and Sabah on the global aquaculture map," he stated.

"It is our hope that there will be a number of high-income farmers in Sabah's east coast once this project starts and develops," he commented.

Musa is expecting iLAP to attract other foreign investors who wish to enter the country’s food production sector.

"This business venture has already opened an opportunity for bumiputera company Ever Nexus, together with Inno Fisheries Sdn Bhd, to successfully form a partnership with Darden Inc. This goes to show that effective participation of Bumiputera entrepreneurs is achievable within the Economic Transformation Programme (ETP) and other national level plans," he said.

Meanwhile, Darden Restaurants, Inc Chairman and CEO Clarence Otis said the move was a milestone event for the company.

"As Darden continues to grow, our business is expanding to new geographies and into new lines of business. Lobster aquaculture is one of those, and we believe it's an undertaking that holds great promise not only for our company and our planet, but also for the people of Malaysia," he stated.

Darden also planned to build a regional operations hub in Malaysia to assist with potential future restaurant growth in the Asian market.

Meanwhile, Managing Director of Ever Nexus Dr Shahridan Faiez said the Sabah region was the best location for developing this project due to its pristine resources and geography.

"We're very excited to be working with Darden on this ground breaking initiative that will promote sustainability while helping to meet the growing global demand for seafood and helping relieve pressure on wild fisheries," he said.

Related article:

-
Darden to build world's biggest lobster farm

By Natalia Real
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
Jan 25, 02:30 (GMT + 9):
Alaskan company sells its vessels and fishing quotas
Chile
Jan 25, 01:40 (GMT + 9):
Scientific institutes of Chile and Australia agree on cooperation in fisheries research
Madagascar
Jan 25, 01:30 (GMT + 9):
Study warns Western Indian Ocean assets valued at USD 333.8 billion are at risk
Belgium
Jan 25, 00:40 (GMT + 9):
Carrefour stops selling pangasius
India
Jan 24, 23:50 (GMT + 9):
Devi Seafoods to open new shrimp feed plant
United States
Jan 24, 22:40 (GMT + 9):
IN BRIEF - New Wave of Electronic Monitoring Projects in U. S. Fisheries Highlighted at National Workshop
United States
Jan 24, 22:40 (GMT + 9):
Alaska freshwater fish alters reproductive patterns due to climate change
Spain
Jan 24, 22:30 (GMT + 9):
Nueva Pescanova and Angola seek to deepen commercial ties
Spain
Jan 24, 22:20 (GMT + 9):
Banco Pastor and ARVI sign collaboration agreement
United States
Jan 24, 22:00 (GMT + 9):
IN BRIEF - 30-Day Stakeholder Comment Period Open for Alaska Salmon Fishery Draft Assessment Report
Viet Nam
Jan 24, 22:00 (GMT + 9):
IN BRIEF - MEKONG DELTA REGION TARGETS 9.4 PERCENT EXPORT GROWTH
United Kingdom
Jan 24, 22:00 (GMT + 9):
IN BRIEF - Calls for project ideas for second phase of fishing gear discards reduction initiative
Viet Nam
Jan 24, 22:00 (GMT + 9):
IN BRIEF - REVIEWING THE SUPA PROJECT, DEVELOPING THE IMAGE OF VN PANGASIUS IN THE EU
China
Jan 24, 22:00 (GMT + 9):
IN BRIEF - Hangzhou Fengling finishes 200 MW solar-aquaculture project
France
Jan 24, 21:00 (GMT + 9):
IN BRIEF - WSI the new association for women in the seafood industry will be at the Icelandic Fisheries Fair



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Sweden considers other measures to address the issue of American lobsters
United States The Swedish government is working on a new proposal to address the problem of the appearance of American lobsters in Swedish waters, in the face of the European Union's refusal to impose a ban on the importation of these crustaceans from the US and Canada.
Drugs discovered on board Greenlandic trawler
Iceland A fourth crew member of fishing vessel Polar Nanoq, which sails under the flag of Greenland, was arrested in the Icelandic port of Hafnarfjordur, after the police discovered a large quantity of hashish aboard.
Brussels validates Spanish fisheries control system
Spain The European Commission has notified Spain that it considers finalized the implementation of the action plan to remedy deficiencies in the Spanish fisheries control system, which was established by Decision of the EC on 30 July 2012.
Squid season started earlier than usual
Argentina The squid (Illex argentinus) season has just begun in the area south of the parallel 44° south latitude, earlier than usual.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER