Chinese company launches salmon offshore deepwater cage project

Shandong Wanzefeng plans to build 6 giant cages with a total investment of almost €40 million.
Sea Granary No. 1

Sea Granary No. 1

Shandong Wanzefeng

On January 16, Shandong Wanzefeng Marine Technology Co. launched the Caijin Offshore Granary No. 1 series of cages, a salmon offshore deepwater cage project.

The project, located in Rizhao will include 6 giant cages like this, with a total investment of almost €40 million (300 million yuan). The Chinese company confirmed in a press release that the production estimated is more than 6,000 tons of salmon annually, with economic benefits exceeding €75 million (600 million yuan). 

The aim is to "create a whole salmon industry chain worth hundreds of billions. Now, Rizhao is plowing the sea, animal husbandry and fishing towards the blue sky, striving to open up the mountain and sea journey of salmon industry development, and writing a new answer sheet for sea granary."

About Shandong Wanzefeng

Shandong Wanzefeng Ocean Development Group Co., Ltd. was established in January 2013 with a registered capital of 332 million yuan and is located in Rizhao City, Shandong Province. 

Wanzefeng Group closely follows General Secretary Xi Jinping's important instructions on ocean management and the main line of fishery development of "transforming methods and adjusting structures", conscientiously implements the provincial party committee and the provincial government's strategy of "building a strong maritime province", and follows the new and old momentum of the provincial party committee and the provincial government.

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