JCN Newswire
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MC and Maruha Nichiro Agree to Establish New Joint Venture in Salmon (land-based)

ruth
3 minutes

TOKYO, Jun 30, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) and Maruha Nichiro Corporation (Maruha Nichiro) are pleased to announce our agreement to establish a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon. ATLAND will be established in Nyuzen town of Toyama prefecture in around October 2022.1 The investment ratio of ATLAND will be MC 51% and Maruha Nichiro 49%. Following the establishment of the company, a land-based aquaculture facility with a capacity of 2,500 tons (live weight equivalent) will be constructed in Nyuzen town, with the aims of starting operations in 2025 and completing the first delivery in 2027. MC and Maruha Nichiro have been discussing the joint promotion of this project since March 2021. This project is expected to help develop a sustainable and stable land-based production system, efficient digital-tech-based operations, local production for local consumption, and progress in decarbonization. Our companies are both dedicated to leveraging our strengths and businesses to simultaneously generate economic, environmental and societal value. Local Production for Local C...

ACN Newswire
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Thai Union Feedmill (SET: TFM) lists, aims to lead aquaculture and commercial animal feed sector

indie
5 minutes

BANGKOK, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - Thai Union Feedmill PCL (SET: TFM), a manufacturer and distributor of aquaculture and commercial animal feeds, is confident of positive investor response following the company's listing on the Stock Exchange of Thailand (SET) today. Determined to be the leader in the aquaculture and commercial animal feed business, TFM aims to grow in overseas markets through cooperative agreements, joint ventures with trading partners, and direct exports in order to support food security for Asia's future.Bunluesak Sorajjakit, TFM Chief Executive Officer, said the Company, which began trading in the Agribusiness sector under the symbol "TFM", has over 20 years experience in the industry and accumulated know-how that has led to innovations in production processes. The Company has become a leader in the production and distribution of aquaculture and commercial animal feeds in Thailand, offering quality and widely-known branded products. Sorajjakit is confident that TFM's IPO will attract widespread interest among investors.Following the Company's listing on the SET, TFM is prepared for continual sustainable growth and determined to take the l...

ACN Newswire
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NaturalShrimp Signs Letter of Intent to Acquire Aquaculture Assets of Hydrenesis Aquaculture, LLC

indie
4 minutes

Dallas, TX, Feb 24, 2021 - (ACN Newswire) - via NewMediaWire -- NaturalShrimp, Inc. (OTCQB: SHMP), an aquaculture Company, which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has signed a Letter of Intent (LOI) to acquire the aquaculture assets of Hydrenesis Aquaculture, LLC for $12,500,000, consisting of $5,500,000 in cash and the balance due in NSI common stock. The acquisition is expected to be accretive to earnings in fiscal year 2021.Gerald Easterling, CEO of NaturalShrimp added, "NaturalShrimp has been working with Hydrenesis since 2018 on several solutions for the industry with the team at Hydrenesis. We currently have trials on going in Norway and Australia. The Company intends to immediately begin deployment of the technology in our hatchery and nursery systems. We also believe that the Hydrenesis technology will have major impacts on disease control in salmon, barramundi, and tilapia farming segments. We expect to file additional patents around the expansion of the application and use of the combined EC and Hydrenesis technology."David Antelo, CEO of Hydrenesis, Inc., said, "We are ...