The Australian government has confirmed that a grant totalling AU$30 million (US$21.08 million) has been awarded to a project aimed at developing the world's largest indoor bio-secure aquaculture facility for growing and processing sustainable Australian barramundi.
The new facility, which will be put up in the Latrobe Valley in Victoria, is part of a AU$125 million (US$87.82 million) investment.
Local company MainStream Aquaculture will design and operate the state-of-the-art facility, which would grow and process more than 3,700 tonnes of premium barramundi for the Australian market annually. The barramundi will be processed into high value and nutritious products delivered fresh across Australia.
