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MainStream Aquaculture receives $30M grant from Australian government


MainStream Aquaculture's Latrobe Valley Aquaculture project (Photo: MainStream Aquaculture)

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.”

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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.