While B.C. fisheries enjoy the benefits of the Fraser River’s record salmon run, one local company is making a name for itself with fish farms in China.
Vancouver-based AgriMarine Holdings Inc. (TSX-V:FSH) said Thursday it had obtained a license to sell its container-farmed trout and salmon throughout the entirety of China. Previously, the company could only sell its fish to a limited number of major cities in the Asian nation.
“This is a major accomplishment for our team in China,” said Sean Wilton, president of Benxi AgriMarine, the company’s fish-rearing facility in Benxi. “With this license in place we are able to make our top-quality product available to consumers anywhere in China.”
AgriMarine believes its closed containment technology is the future of fish farms because it provides a protective barrier limiting disease and parasite transfers between wild fish and farm fish populations.
The company has been focused on expanding its Benxi trout farm in China. Work on a third tank is nearing completion following the harvest of the company’s first “crop.” A fourth tank will be manufactured and assembled this fall.
The tanks incorporate a new design that improves pump efficiency 80% to 90% and reduces electricity costs.
At press time, AgriMarine’s shares were up 3.85% to $0.27.