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Jakarta Post

Indonesian, Norwegian firms team up for fish farming

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Thu, October 24 2019   /  01:50 am
Big business: A fish farmer paddles a boat near freshwater fish cages in Bawen, Semarang, Central Java, on July 2. According to Maritime Affairs and Fisheries Ministry data, fish production grew at a compound annual rate of 4.4 percent over the past five years to 24.32 million tons last year.(Antara/Aji Styawan)(Antara/Aji Styawan)

Big business: A fish farmer paddles a boat near freshwater fish cages in Bawen, Semarang, Central Java, on July 2. According to Maritime Affairs and Fisheries Ministry data, fish production grew at a compound annual rate of 4.4 percent over the past five years to 24.32 million tons last year.(Antara/Aji Styawan)PT El Rose Brothers and Norwegian company Sterner AS have joined hands to develop an onshore fish farming business in Yogyakarta using the recirculating aquaculture system (RAS).According to the Maritime Affairs and Fisheries Ministry’s aquaculture director general, Slamet Soebjakto, the two companies have signed an official partnership agreement and plan to start construction in 2020 with an initial production capacity of 2,500 tons of fish per year.“The project is expected to bring in investments worth US$50 million," he said in Jakarta on Monday.El Rose Brothers and its par...