The Florida-based start-up has been working to establish a commercial eel farm in the United States for more than four years, according to the Detroit Free Press.
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Company founder, Kit Munday, told the paper that – if they can raise the necessary capital – the facility will produce farm-raised, African longfin eel and American eel for customers in the US, Europe and Asia, using in a recirculating aquaculture system (RAS). The project, he says, could create 25 jobs.