Oz Aquaculture firm nets $249,000

AUSTRALIA - GreatBay Aquaculture will receive $249,000 in funding to support the development of sustainable Atlantic cod production through aquaculture, announced Sen. John Sununu, R-NH, chairman of the Commerce Committee's National Ocean Policy Study Subcommittee.

"Aquaculture accounts for the rising percentage of the fish and shellfish that Americans consume every day with companies such as GreatBay Aquaculture playing an integral role in the research and development of sustainable fish production," said Sununu.

"Atlantic cod, in particular, is one of the prime candidates for expansion of aquaculture in the United States. This funding will support the development of technology that will help further the sustainable growth of this species for both nursery culture onshore and offshore grow-out operations."

According to George Nardi, chief technology officer of GreatBay Aquaculture, "This project is all about demonstrating the commercial production of cod in an environmentally sustainable manner from the hatchery through harvest.

Source: SeaCoast Online