MALAYSIA'S TERENGGANU TO BE BIGGEST HUB FOR BARRAMUNDI IN ASEAN.

KUALA TERENGGANU, Sept 3 Asia Pulse - A memorandum of understanding (MoU) was signed here Sunday that has the potential to make Terengganu the biggest hub for barramundi in the Asean region, with the potential to export the fish to Europe and the Americas.

The MoU was signed by Terengganu Agrotech Development Corp Sdn Bhd (TADC), a Terengganu government subsidiary, and Cell Aquaculture Ltd (ASX:CAQ) of Perth, Australia, and was witnessed by Agriculture and Agro-based Industry Minister Muhyiddin Yassin.

The project would be developed by TRG Cell Sdn Bhd, a joint-venture subsidiary of the two companies, on a 5.5-hectare marine culture centre in Tanjung Demong, Besut, in November under the Recirculating Aquaculture System (RAS) concept.

TADC Executive Director Ir Adnan Ghazali said the project would be undertaken with technology specially brought in from Australia by Cell Aquaculture, a company listed on the Australian Stock Exchange that has developed the RAS and expanded its business to Europe and the Americas.

"We expect the technology to be brought in fully by the middle of December. Under the first phase, we will import the Barramundi fish fry from Australia.

"Six to eight months after that we expect to market the first harvest of the fish to Europe and the Americas as well as several other countries," he told reporters after signing the MoU. Cell Aquaculture was ...