Hi-Q Marine's Ecological Recirculation Aquaculture System. (Photo: Hi-Q Marine Biotech International)
New technology allows raising of high premium fish
Wednesday, March 17, 2010, 17:10 (GMT + 9)
The country’s aquaculture industry could generate 2,000 tonnes of high-value fish species worth USD 70 million in the next five years. This would make Brunei Darussalam one of the world's main aquaculture centres, said Taiwan-based Hi-Q Marine Biotech International Ltd Chairman Johnson Changuring at the official launch of the Brunei branch of its subsidiary company, Planet Hi-Q Marine Biotech Inc, on Saturday.
Deputy Minister of Industry and Primary Resources Dato Paduka Hj Hamdillah bin Hj Abd Wahab attended the opening of the company's new office in Jalan Muara to show the government’s support for the venture. He gave a speech applauding the estimated figures.
"Initiatives like this will bring in new technologies and create employment in the country," he stated, reports Brudirect.com.
Partnership joint ventures between Taiwanese and local entrepreneurs working toward further developing the aquaculture industry, apart from targeting production and marketing domestically and abroad, will receive official support, Hamdillah said.
At the company's office opening ceremony, there was the signing of a partnership joint-venture agreement between Planet Hi-Q Marine Biotech Incorporation and three local investment partners for the Hi-technology Project of rearing, breeding and marketing of red garupas, as well as research for a 15-year term, known as Ecological Recirculation Aquaculture System (ERAS).
Hi-Q Marine, which holds the master licence for ERAS in Brunei, announced that it aims to exploit the country’s budding aquaculture business and especially in the high-value fish species sector. The new land-based aquaculture technology generates a nearly zero carbon footprint on the environment in terms of waste disposal, according to the firm, thereby protecting the natural ecosystem.
Hi-Q Marine’s strategic objective is to develop and enlarge the current eco-friendly aquaculture industry in Brunei by emphasising its efforts in the production of high-value fish species such as the red grouper through the implementation of ERAS.
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By Natalia Real