U.S. Aquaculture Firm Forever Oceans Nets Record Concession for Offshore Production in Brazil
Forever Oceans, a U.S.-based aquaculture company, signed a deal with the Brazilian Government leading to the largest offshore concession for aquaculture production.
The deal was finalized after a meeting with Jorge Seif Junior, Secretary of Aquaculture and Fisheries of the Ministry of Agriculture, Livestock and Supply and Forever Oceans leadership. The 20-year agreement authorizes the company to ocean-raise fish within automated enclosures in two zones, located 7-15km (4.3-9.3 miles) off the Brazilian coast of the state of Bahia...
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