NZKS granted consent to farm in the Open Ocean
11 November 2022
NZKS granted consent to farm in the Open Ocean
New Zealand King Salmon has been given the green light to begin farming the first open ocean
finfish site in New Zealand.
Following a hearing in Blenheim last year, commissioners have just announced their decision to
approve the Blue Endeavour application.
“We’re pleased our plans to farm in the open ocean have been given the go ahead. This is a first
for New Zealand and is a significant decision for the aquaculture industry,” says Acting Chief
Executive Graeme Tregidga.
“I want to thank all who have been part of this extensive process which has taken six years to get
to this point.”
Mr Tregidga says open ocean is part of the company’s long-term strategy, but the current focus
remains on the company’s inshore farming production.
NZKS General Manager of Aquaculture, Grant Lovell, says open ocean farming makes logical sense
for both the environment and for the species in the long term.
Mr Tregidga says the next step is to study the decision and associated conditions before coming up
with an implementation plan and investment options.
Authorised by:
Board of Directors of New Zealand King Salmon Investments Ltd
Ends
For investor or analyst queries, please contact:
• Graeme Tregidga, Acting CEO
Graeme.tregidga@kingsalmon.co.nz
For media queries, please contact:
• Paul McIntyre - 021 598 541
Paul.mcintyre@kingsalmon.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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