Welcome to FIS   Sponsored By
United States
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
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Canada
Oct 31, 04:00 (GMT + 9):
Lobster fishermen will not vote next season
Spain
Oct 31, 03:20 (GMT + 9):
Canning association grants cooperation to Brazil
United Kingdom
Oct 31, 02:40 (GMT + 9):
Seafish launches guide on new EU seafood consumer legislation
Canada
Oct 31, 02:30 (GMT + 9):
IN BRIEF - Neptune Receives TSX Approval For Normal Course Issuer Bid
United States
Oct 31, 02:30 (GMT + 9):
IN BRIEF - Despite good wages, lobster processing is a hard sell
Norway
Oct 31, 02:20 (GMT + 9):
IN BRIEF - Mitsubishi gets 92 pct of Norway's Cermaq in bid
Iceland
Oct 31, 02:20 (GMT + 9):
IN BRIEF - Total value of catch decreased by 13.1%
United Kingdom
Oct 31, 02:20 (GMT + 9):
IN BRIEF - Scottish mackerel splashed across Japan
United States
Oct 31, 02:10 (GMT + 9):
IN BRIEF - Down East aquaculture research institute gets USD 2 million grant
India
Oct 31, 02:00 (GMT + 9):
IN BRIEF - Nabard rolls out INR 100 000 000 scheme for fish farming
New Zealand
Oct 31, 02:00 (GMT + 9):
IN BRIEF - Pledge signed to protect threatened NZ bird
United States
Oct 31, 01:50 (GMT + 9):
IN BRIEF - Scientists call for second straight season without shrimp fishing
Australia
Oct 31, 01:50 (GMT + 9):
IN BRIEF - The latest on the status of Australia’s fisheries
Brazil
Oct 31, 01:40 (GMT + 9):
885 areas to be granted for marine aquaculture in Sergipe
Iceland
Oct 31, 01:00 (GMT + 9):
IN BRIEF - Icelandic Cod fishery re-certified to IRFM Standard



Lenguaje
FEATURED EVENTS
  
TOP STORIES
FDA investigation reveals limited seafood mislabeling, NFI highlights
United States The FDA has released the results of a two year investigation into seafood labeling that found 85 per cent of the seafood it tested was properly labeled.
Research detects antibiotics traces in commercial seafood
United States Two scientists have carried out a new study to examine the persistence of antibiotics in seafood raised by aquaculture and have found traces of five of them in commercial species purchased in the country.
Bumble Bee Foods’ lawsuit sent to Superior Court
United States A class-action suit filed in 2012 accusing Bumble Bee Foods of mislabeling tuna and related products was not dismissed at federal court but the lawsuit was remanded to Superior Court.
John West denies Greenpeace’s accusations
United Kingdom The canning firm John West group denies the fishing boat recently broadcast in a video by Greenpeace to show the firm’s alleged unsustainable practices belongs to them or their parent company, MW Brands.
 
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 (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
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 ehf - 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-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group 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 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER