Tassal plans new $46 million hatchery

Largest producer of Tasmanian grown Atlantic salmon in the world applies for fourth site.

Tassal is seeking approval to build an AUD 46 million (EUR 28.2 million) hatchery near Hamilton in the Central Highlands, using water from Meadowbank Lake, Tasmania, Australia, ABC reports.

Tassal lodged an environmental impact statement lodged with local authority, the Central Highlands Council.

The salmon farmer has been aiming to raise AUD 130 million (EUR 79.2 million) as part of a deeper push into the prawn market, which it believes “will provide fatter margins than its renowned salmon offering”.

Tassal currently operates three hatcheries, which have the capacity to produce ten million smolt a year. The expansion is a part of an effort by the Tasmanian salmon industry to aim to grow its value to the AUD 1 billion (EUR 614 million) mark by 2030.