CANADA
Canada has developed a valuable Salmon Farming Industry that employs thousands of people and provides for the livelihoods of many small coastal communities as the only source of income. The time has come to stop the environmental damage to the adjacent seabed flora and fauna from the discharge of these large sea cage tanks that have produced the Salmon and other fish to-date.
The Canadian Government is proactive in moving the Salmon industry from sea cage farming to Land Based Intensive Recirculating Aquaculture Systems (RAS), to ensure the industry has a solid future. Sea cage Salmon farming permits have since been stalled and Government research and resources have been turned to assist in the development of this relatively new industry of RAS.
The FST system will be a perfect fit for the Canadian fish farmers where investors looking for win - win projects could take a Recirculating Aquaculture System and simply add the FST technology to establish a complete fish and shellfish growing system with ZERO DISCHARGE. The system reuses all the fish and shellfish waste by converting it into plant and seaweed fertilizer, that produces an even more valuable by-product of vegetables, and edible aquatic plants.
The current estimated cost of FST's Tilapia fish growing system that produces 1 million lbs. or 450 metric tonnes per year is $5 millions ($5/lb.), which is only half the system. The greenhouse hydroponic system could produce 6 million lbs. or 2,700 metric tonnes of vegetables per year using the fish waste as fertilizer, at a cost to build the hydroponic greenhouse vegetable growing system at $9 million ($1.5/lb). The BONANZA being the nitrogen converter, is the new disruptive technology that makes this all possible at a cost of a further $1 million. The three components of this facility amounts to a cost of $5 mil (fish) + $9(veggies) + $1 (Compost converter) = $15 million. To factor in a 25% premium that the fish are marketed as sustainable, GMO and chemical-free, (already achieved on page 22 of the report below) could return sales as high as $3.00/lb. for Tilapia and $2.00/lb. for Vegetables. This would generate a gross income of $15 million/year, less $5 million for operation expenses that net an income of $10 million / year, or 25% ROI at the end of year 4.
The report is an exact copy from the internet of Canada's parliament hearing on the pros and cons of Recirculating Aquaculture Systems.
On page 9, to build a RAS that produces 250 metric tonnes per annum was estimated to cost $6 to $7 million. Another project that produced 300 metric tonnes per year was estimated to cost $8 million. On pages 20 and 21 show that a 1000 metric tonne per year production would cost an estimated $12 million with for a net annual income of at least $5.1 million (or up to $8.2 million if one factors in a 25% premium that the fish may be able to generate if they are marketed as sustainable and chemical-free). In addition, net annual income would climb to between $9 and $13.1 million if the waste stream is utilized for aquaponics and compost. These assumptions relating to possible revenue from the capture and sale of the waste stream were supported by Steven Summerfelt of the Freshwater Institute, who told the Committee of a 1000 tonnes closed containment facility currently producing another type of fish that is generating $250,000 per year solely by selling its waste as fertilizer.
The Canadian Government is proactive in moving the Salmon industry from sea cage farming to Land Based Intensive Recirculating Aquaculture Systems (RAS), to ensure the industry has a solid future. Sea cage Salmon farming permits have since been stalled and Government research and resources have been turned to assist in the development of this relatively new industry of RAS.
The FST system will be a perfect fit for the Canadian fish farmers where investors looking for win - win projects could take a Recirculating Aquaculture System and simply add the FST technology to establish a complete fish and shellfish growing system with ZERO DISCHARGE. The system reuses all the fish and shellfish waste by converting it into plant and seaweed fertilizer, that produces an even more valuable by-product of vegetables, and edible aquatic plants.
The current estimated cost of FST's Tilapia fish growing system that produces 1 million lbs. or 450 metric tonnes per year is $5 millions ($5/lb.), which is only half the system. The greenhouse hydroponic system could produce 6 million lbs. or 2,700 metric tonnes of vegetables per year using the fish waste as fertilizer, at a cost to build the hydroponic greenhouse vegetable growing system at $9 million ($1.5/lb). The BONANZA being the nitrogen converter, is the new disruptive technology that makes this all possible at a cost of a further $1 million. The three components of this facility amounts to a cost of $5 mil (fish) + $9(veggies) + $1 (Compost converter) = $15 million. To factor in a 25% premium that the fish are marketed as sustainable, GMO and chemical-free, (already achieved on page 22 of the report below) could return sales as high as $3.00/lb. for Tilapia and $2.00/lb. for Vegetables. This would generate a gross income of $15 million/year, less $5 million for operation expenses that net an income of $10 million / year, or 25% ROI at the end of year 4.
The report is an exact copy from the internet of Canada's parliament hearing on the pros and cons of Recirculating Aquaculture Systems.
On page 9, to build a RAS that produces 250 metric tonnes per annum was estimated to cost $6 to $7 million. Another project that produced 300 metric tonnes per year was estimated to cost $8 million. On pages 20 and 21 show that a 1000 metric tonne per year production would cost an estimated $12 million with for a net annual income of at least $5.1 million (or up to $8.2 million if one factors in a 25% premium that the fish may be able to generate if they are marketed as sustainable and chemical-free). In addition, net annual income would climb to between $9 and $13.1 million if the waste stream is utilized for aquaponics and compost. These assumptions relating to possible revenue from the capture and sale of the waste stream were supported by Steven Summerfelt of the Freshwater Institute, who told the Committee of a 1000 tonnes closed containment facility currently producing another type of fish that is generating $250,000 per year solely by selling its waste as fertilizer.
