fbpx

Another Positive Step Forward In Aquaculture For Southland

Jul 24, 2020
2018 Views

Deputy Prime Minister Winston Peters was in Bluff today announcing an $8 million loan from the Provincial Growth Fund for a new salmon hatchery for Sanford Limited.

The Recirculating Aquaculture System (RAS) hatchery will be built in the Bluff area.  It will be designed to produce six million Chinook (King) salmon smolt once its scaled up and fully developed.

In a statement released exclusively to ‘What’s On Invers’ today, the company said the estimated build and development costs for stage one of the hatchery were around $16m, and once that stage was achieved, the 1.5 million smolt produced would support 6,000 tonnes of salmon at harvest.

Sanford CEO Volker Kuntzsch said he was delighted to be able to announce the investment into a new hatchery and the supporting loan from the Provincial Growth Fund.

The RAS hatchery is one of the cornerstone investments needed to help realise a bold aspiration for aquaculture in Southland, in which salmon becomes an even stronger contributor to the regional economy.   

“Smolt produced in this RAS hatchery will not only be available to Sanford, but to other salmon farmers in the region,” he said.

Sanford already has a substantial commitment to salmon farming in Southland.  It farms in Big Glory Bay, Stewart Island and operates a processing plant in Bluff.

The listed New Zealand company has plans underway to grow those facilities in line with its longer-term vision of investing in open ocean aquaculture in Foveaux Strait.

The new hatchery will give Sanford the ability to create a fully controlled environment to grow salmon from eggs to smolt.

Sanfords general manager of aquaculture, Ted Culley said, an RAS hatchery was the gold standard in salmon farming globally.

We are proposing to create a facility that will be state of the art, using the best systems available to create an ideal growing environment for the smolt.

This facility will also create jobs – up to 54 direct jobs in the hatchery itself and our farming and processing areas and then 163 indirectly in the wider community.

We are very proud to operate in Southland and we look forward to growing the contribution that we make to the local economy.”

Word About Town
Business, News
2539 views
Business, News
2539 views

Word About Town

Malcolm Gayfer - Sep 21, 2020

Have you noticed an abundance of building activity all over Invers since lockdown was lifted? So have I. Today I…

Fonterra Posts $659m Full Year Profit
Business, News
1299 views
Business, News
1299 views

Fonterra Posts $659m Full Year Profit

News Desk - Sep 21, 2020

Fonterra has posted a profit of $659 million as restructuring, improved sales and margins helped it recover from the previous…

Covid-19: GDP Results Show NZ Officially In First Recession In A Decade
Business, Covid-19
1250 views
Business, Covid-19
1250 views

Covid-19: GDP Results Show NZ Officially In First Recession In A Decade

News Desk - Sep 17, 2020

The economy has shrunk by a record amount and fell into its first recession in a decade as it was…

Air NZ sells 70,000 Seats In Six Hours After Rules Relaxed
Business, Covid-19
1550 views
Business, Covid-19
1550 views

Air NZ sells 70,000 Seats In Six Hours After Rules Relaxed

News Desk - Sep 15, 2020

The government's decision to relax physical distancing rules on public transport has seen airlines promise to increase flights and release…

Export Southland Awards Reimagined for 2020
Business, News
2011 views
Business, News
2011 views

Export Southland Awards Reimagined for 2020

Aimee Wilson - Sep 14, 2020

This year’s Southland Export Awards night will have an interesting new twist. In lieu of the traditional biennial September Export…

Covid-19 Alert Level Move: What You Need To Know
Covid-19, News
330 views
Covid-19, News
330 views

Covid-19 Alert Level Move: What You Need To Know

News Desk - Sep 21, 2020

Cabinet has agreed to a change in Covid-19 alert levels for both Auckland, the centre of the current Covid-19 outbreak,…

ACT Released Climate Change, Forestry, Primary Industries & Water Policies In Southland Today
Election 2020, Farming
229 views
Election 2020, Farming
229 views

ACT Released Climate Change, Forestry, Primary Industries & Water Policies In Southland Today

News Desk - Sep 21, 2020

ACT leader David Seymour was in Invercargill on Sunday evening along with ACT Rural spokesperson Mark Cameron and ACT's firearms…

National Unveils $1.3b Plan For Expanded Tech Sector
Election 2020, News
140 views
Election 2020, News
140 views

National Unveils $1.3b Plan For Expanded Tech Sector

News Desk - Sep 21, 2020

National says it will double the size of the tech sector in 10 years, if elected, with a $1.29 billion…

Watch: Covid Update Monday 21st September
Covid-19, News
733 views
Covid-19, News
733 views

Watch: Covid Update Monday 21st September

News Desk - Sep 21, 2020

Prime Minister Jacinda Ardern is announcing whether alert levels will change after Cabinet reviewed them today, and is joined by…

Cartoon of the Day
Cartoon of the Day, Funstuff
57 views
Cartoon of the Day, Funstuff
57 views

Cartoon of the Day

Entertainment - Sep 21, 2020

Cartoon of the Day. Thanks to Garrick Tremain. https://garricktremain.nz/cartoons