Nocera makes a move on U.S. RAS with planned Alabama purchase
September 13, 2022 By Nestor Arellano
Taiwan-based aquaculture technology company Nocera Inc., is stepping into the United States recirculating aquaculture system (RAS) arena and is poised to complete the purchase of a parcel of land for its operations in Alabama.
Nocera announced that it has signed an agreement on September 8, to purchase 229 acres of agricultural land for US land based fish farms in Montgomery, Alabama. The purchase price for the parcel is US $865,000 and anticipated to close by October 31 this year.
“This land acquisition in Alabama would be our first entry into fish farming business in the United States. We anticipate that our technology and design in Recirculating Aquaculture Systems will provide us with a substantial advantage,” Jeff Cheng, chief executive officer of Nocera said in a press release.
He said the City of Montgomery is strategically located because it will provide Nocera access to a skilled labour force.
“With the price of fish hitting an all-time high, this land purchase will give us a considerable opportunity to become increasingly profitable,” Cheng added. ” Our investment in Alabama is sustainable and green and we will be providing increased sustainable aquaculture in the United States and offering the American family the best choice in seafood.”
Nocera in the process of obtaining up to 85 per cent financing from local banking institutions.
The land is in the city limits of Montgomery, Alabama. It comes with a house, a manufactured home and a building site with sewer and power which the company will develop into an office and dormitory for Nocera’s employees.
Nocera is a fully integrated sustainable seafood company that provides land-based RAS for both fresh and saltwater fish and invests in fish farms by building high-tech RAS. The company’s main business operation consists of the design, development, and production of large-scale RAS fish tank systems.
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