Seafarms has achieved a key regulatory approval required to deliver the mammoth Project Sea Dragon, obtaining the aquaculture licence for the Legune Station operation.
Project Sea Dragon is a $1.45 billion prawn aquaculture project that will see the development of up to 10,000 hectares of land for black tiger prawn production facilities. It is the largest of its kind in Australia.
The Territory Government signed a Project Development Agreement (PDA) in September 2017 which saw Seafarms commit to relocating its headquarters for Project Sea Dragon and the registration of its Australian Securities and Investment Commission registered office in Darwin.
The Aquaculture Licence for the Legune Station operation is a major milestone for Seafarms.
It follows the announcement in May 2018 of Japanese global seafood giant Nissui’s investment in the company and Project Sea Dragon in the Northern Territory.
Source: NT Government