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Aquaculture farm. (Photo: Aqua-Spark)
Dutch Fund announces two 'crucial' investments in aquaculture industry
 WORLDWIDE
Monday, January 26, 2015, 01:30 (GMT + 9)
Aqua-Spark investment fund will allocate USD 4 million for "cucial nvestments" in two new business aimed at a more sustainable, clean and healthy way of farming seafood.
One of the businesses is US-based biotechnological feed company Calysta and the other, Chicoa Fish Farm (CFF), located in Mozambique, Africa.
Unlike conventional feed, the one developed by Calysta is produced from a natural methane-eating microbe that produces protein. This way, a single cell protein becomes a perfect replacement for fishmeal.
Alan Shaw, Ph.D., Calysta President and CEO emphasized, “Calysta’s Microbial Protein™ Feed is a proven, scalable high quality protein that meets the aquaculture industry’s critical need for innovation.”
On the other hand, Chicoa Fish Farm is a vertically integrated solution to kick-start the freshwater aquaculture industry in the area. It is a low cost, environmentally friendly producer of quality protein in an area with nutritional problems.
“Working with Aqua-Spark, we can have a significant impact on lives in Sub-Saharan African by providing sustainable, affordable nutrition and employing people to grow this industry across the continent. This is only the beginning of our journey, and we’re thrilled to see how we can change the face of aquaculture while making an impact on local economies,” said Chicoa Fish Farm founders in a press release.
With reference to the new investments Aqua-Spark is planning, Aaron McNevin of the World Wildlife Fund pointed out, "It means the potential to feed billions, and protect dwindling ocean species, while using smarter and fewer resources."
Aqua-Spark, launched in 2013, is the first investment fund focused exclusively on sustainable aquaculture. It has already assigned USD 4 million to these developments and its goal is to grow to USD 400 million by 2025.
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