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Land-based fish farming lures new investment interest

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Can land-based salmon farming ever be profitable in B.C. while competing with open-net fish farms?

Ross Beaty, one of B.C.’s most successful mining and renewable energy entrepreneurs, says it’s an open question, although he appears willing to take a risk that the answer is “Yes.”

He recently confirmed he is looking at one B.C.-based project, though he also confirmed it’s not Kuterra – the pioneering salmon farm owned by the Namgis First Nation near Port McNeill. The Namgis are looking to either divest ownership of the operation or attract the private investment needed to expand the project.

Meanwhile, a new group called BC LandAqua Ventures Inc., led by Kuterra chairman Eric Hobson, is trying to raise both private capital and government funding to develop an aquaculture park on Vancouver Island.

Read full article here.

Nelson Bennett – Business in Vancouver – June 26, 2018.

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