BioMar Australia has released plans to develop a AUD56 million (US$42 million) aquafeed production facility in the north of Tasmania, providing a significant boost to the local economy, job creation and the state’s growing aquaculture industry.

Paddy Campbell, managing director of BioMar UK, said the proposal would bring world-class, state-of-the art fish feed innovation and production facilities to Wesley Vale in northern Tasmania.

“Once operational, the facility will produce up to 110,000 tons per annum of aquafeed product to support the aquaculture industry, expecting to create 55 full-time jobs and an additional 30 jobs across the region through indirect support, operational, port services and logistical roles,” Dr Campbell said.

The BioMar Group is a leader in the research and development of sustainable, high-performance feed and look forward to welcoming Australia in to their global network. BioMar holds a well-established position in Tasmania as the leading supplier of high-quality fish feed for Atlantic salmon, since entering the local market in 2003. At present, one in every three farmed salmon in Tasmania is fed BioMar fish feed products, which are currently being exported from Scotland.

“We are very grateful for the Tasmania Liberal Government’s commitment of AUD2.3 million towards this project and the support and of the Office of the Coordinator-General in securing the site in Wesley Vale,” Campbell said.

BioMar proposes to construct the aquafeed production facility on the site of the former particle board manufacturing mill located at 329 Mill Road in Wesley Vale.

“This development proposal will also remediate and revitalize the Mill Road site, which has remained empty and abandoned for some time now,” he said.

“We are currently in conversation with the local community to seek their input and feedback on the proposal concept, and we look forward to continuing this conversation throughout the development and construction phase of the project.”