China’s latest offshore project aims to produce over 6,000 tons of salmon annually.
Shandong Caijin, a division of Shandong Wanzefeng Marine Technology Co. has announced the launch of its first fully submersible deep-sea salmon farming cage, ‘Sea Granary No. 1.’ The event took place at the Offshore Equipment Industrial Park in Lanshan District, Rizhao City.
The project will feature six such large cages, representing an investment of nearly €40 million (300 million yuan), with ‘Sea Granary No. 1’, set to commence farming 10 nautical miles offshore in Lanshan District around January 25, according to local media reports.
These advanced cages are expected to significantly boost salmon production, with the aim of producing more than 6,000 tons annually. They will generate economic benefits surpassing €75 million (600 million yuan), the company claims.
Shandong Wanzefeng Ocean Development Group Co., established in January 2013 with a registered capital of 332 million yuan, is based in Rizhao City, Shandong Province.
This ambitious project aligns with the directives of General Secretary Xi Jinping on ocean management and fishery development and is part of a larger plan to develop a comprehensive salmon industry chain, which is estimated to be worth hundreds of billions.
