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    Home»Agribusiness»Lisaqua Recieves funding for biofloc Shrimp farm in France
    Agribusiness

    Lisaqua Recieves funding for biofloc Shrimp farm in France

    11:01 am, June 29, 2022
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    Lisaqua has secured a new investment of around EUR 4.9 million to set up their first whiteleg shrimp farm in France. The company reported that EUR 2.6 million of investment has come from existing or new investors. On the other hand, the remaining amount has been loaned by the investment and commercial banks.

    With these funds, Lisaqua will set up a pilot recirculating aquaculture system (RAS) farm in France. The facility will be equipped with patented co-culture technology of the company for shrimp growth in the biofloc system. In this growth system, effluents are treated and used as a feed for the marine invertebrates. Thus, the company is also expecting a secondary source of income by selling animal feed.

    Another positive point of this growth system is the permaquaculture technology, which is developed by the company by investing four years. This technology promises zero polluting discharge, zero km traveling, and zero triple point to the company.  Moreover, the system can conserve 99% of water and save 20% of the food.

    Boneu believed that these new funds are a step toward their goals. He stated, “We plan to set up a network of farms near the main French cities from 2024 to make our ultra-fresh shrimp available to as many people as possible.”

    Also Read:  US Ag Tractor and combine sales fall below Five-Year Average in May 2022
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