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Brunei Joint-venture aims to breed 2,000 tons of live red grouper yearly for export
Posted On: June 1, 2009Bruneian company Myinvesco Hi-Q Biotech Sdn Bhd has set up a $3.4 million grouper breeding business, using technology from Taiwan to meet strong demand from China.
The company yesterday signed a joint-venture deal with Taiwanese firm Planet Hi-Q Marine Biotech to build Brunei’s first indoor pond that grows red groupers to be marketed live to China.
The indoor fish farm, which will use a patented Ecological Recirculating Aquaculture System (Eras) technology, will have a yearly production capacity of 50 tonnes and will be built on a two-hectare site allocated by the Fisheries Department in Kg Serdang, Jln Kota Batu.
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