MainStream Aquaculture receives $30M grant from Australian government
May 17, 2022 By RAStech staff
MainStream Aquaculture says it has welcomed a $30-million grant from the Australian government for its Latrobe Valley Aquaculture project.
MainStream, in partnership with Opal Australian Paper, have proposed the world’s largest indoor bio-secure aquaculture facility for growing and processing Australian barramundi in the Latrobe Valley, Victoria. The project is estimated to cost $125 million and will have an annual capacity of 3,700 tonnes of barramundi. The facility is said to be co-located at Opal Australian Paper’s Maryvale Mill.
“Thank you to the Australian government for today’s announcement which is a major step forward for our project,” said Craig Bosch, Aquaculture Project Lead at Opal. “We continue to appreciate Darren Chester’s long-standing support for this important project and for Opal’s Maryvale site, which is one of the largest employers in the Latrobe Valley.”
The company promises to create a new industry sector for the region, estimated to create 364 jobs in Victoria and 263 direct and flow-on jobs.
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