A new plan to ramp up open ocean and restorative aquaculture production in Hawai’i has just been published.
The plan, which was drawn up by Hatch Innovation Services and commissioned by the Hawai’i Department of Agriculture (HDOA), aims to increase the state’s seafood production and tackle climate change through open ocean and restorative aquaculture practices.
The 49 existing producers in the archipelago’s aquaculture sector generated an impressive $78.5 million in sales in 2022. Of this figure, algae production accounted for over $45 million, up from $33 million in 2020. Meanwhile, revenues from finfish and shellfish are steady at around $40 million a year.
Looking ahead to 2030, the financial objectives for Hawai’i’s aquaculture development includes expanding the value of established products like algae to $391 million and developing new segments such as value-added products to $33 million. The overarching target of the aquaculture industry is to reach a total of $599 million…
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