March 29, 2007
 

Australian company to breeds grouper in Hong Kong with new technology

Technology has allowed Marine Culture Technology Pty Ltd ( MCT ) to breed a range of disease and heavy-metal free salt-water fish, said Marine Culture Technology Managing Director, Lloyd Moskalik at a ceremony marking the company's move bringing its technology to Hong Kong to breed grouper.

The company's technology allows it to breed the highly sought after live reef grouper, in a self-contained environment, with no discharge of waste into the environment.

Moskalik said the technology has been in development for 15 years and would allow any fish species to be bred in captivity.

Moskalik explained that the company had been looking for a suitable market with a strong potential client base as well as a strong level of intellectual property protection considering the vast investment it had put into the technology. Hong Kong provides both the market and the intellectual property protection, he added.

The company's technology would provide the Market with a high quality product that is disease free, toxin free and contains no growth hormones, Moskalik further explained.

This is especially important due to the recent issues with diseases and heavy metals, such as mercury, detected in farmed and wild caught grouper.

Moreover, Hong Kong's political stability, world class infrastructure and an attractive tax regime are also attractive factors.

It is also the doorway to China, another vast market and is close to the affluent Pearl River Delta region.

Moskalik added that he felt Hong Kong could become Asia's high tech aquaculture centre and a net exporter of high-value live reef fish.