Forever Oceans signs agreement with the Brazilian government for the world’s largest offshore concession for sustainable fish production

BRASILIA, Brazil — Bill Bien, the CEO of Forever Oceans, a leading sustainable seafood innovator, today met with Jorge Seif Junior, Minister of Aquaculture and Fisheries of the Ministry of Agriculture, Livestock and Supplies to sign a concession agreement bringing Brazil is pursuing to become an emerging leader in sustainable seafood production. The original 20-year agreement authorizes Forever Oceans to farm fish in automated pens in two zones located 7-15 km (4.3-9.3 miles) off the Brazilian coast of Bahia state. Together they represent the largest offshore concession ever awarded for sustainable marine aquaculture, totaling 64,200 hectares, an area three and a half times the size of Washington DC. The company is expected to create up to 500 jobs over the next eight years.

“With a coastline of more than 8,500 km, Brazil is one of the most important frontiers for fish production, which, in addition to healthy nutrition, also creates jobs and income,” said Seif. “This landmark agreement is historic for Brazil and will put the country on the path to developing sustainable marine aquaculture.”

In 2018, the global marine aquaculture market produced 7.3 million tons of fish worth US$35.4 billion(1). Global demand for marine aquaculture fish is expected to triple to 21 million tonnes by 2050(2), as more consumers include fish as part of a healthy diet.

“This agreement will help us serve the growing demand for delicious, nutritious seafood and gives us the space to scale and grow rapidly, as well as the opportunity to develop the world’s largest offshore sustainable seafood capability,” said Bien . “We will bring our different approach to the waters of Brazil, using our expertise in aquaculture, conservation and innovation to raise delicious and protein-rich fish in deep sea waters in a highly eco-friendly and sustainable way that is good for people and the planet. “

In addition to the new location in Brazil, the company, which is headquartered in Virginia, USA, has a research and technology facility in Hawaii and offshore operations in Panama, and is planning an offshore operation in Indonesia.

In Brazil, the Forever Oceans company will raise Amberjack, locally known as “Olho de Boi” or Remeiro, in the sea. This versatile fish is praised for its flavor, protein and nutrition and is rich in omega-3.

An onshore hatchery in Ilhéus, Bahia, Brazil will raise juvenile fish from eggs for placement in large deep-sea enclosures so they can swim and grow in a protected and more natural environment. Initially, 24 automated pens are planned within the two marine zones that include responsible eco-friendly aquaculture zones. The Brazilian operation is expected to create approximately 300-500 well-paying jobs over the next eight years once full capacity is reached.

In September 2021, Forever Oceans was named Source of Seafood List of the magazine’s Top 25 Seafood Innovators.

About Forever Oceans

Forever Oceans is a leading innovator in sustainable seafood. Our mission is to offer the world a new way to produce delicious, sustainable seafood that’s good for people and the planet. We know fish, we know preservation and we apply unique innovations. This includes robust housings in which everyday tasks are automated using advanced systems. They ensure our operations are efficient, integrated with the environment and support local communities. Forever Oceans was recently named one of America’s Most Innovative Seafood Companies by Seafood Source.

Our research and technology center is in Hawaii and we have planned offshore operations in Panama, Brazil and one in Indonesia. Our sustainable seafood will be available in US restaurants in early 2022. Learn more about Forever Oceans at ForeverOceans.com.

1 FAO UN https://www.fao.org/fishery/en/aquaculture/en

2 “The Future of the Oceans to 2050 Marine Aquaculture Forecast”. 2021 report by DNV.
https://www.dnv.com/Publications/marine-aquaculture-forecast-to-2050-202391

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