LG LA096HNP
, which is owned by of Lihue, is seeking permits to expandr its state ocean lease from 28 acresx to61 acres. That wouled enable the Kailua-based companyy to quadruple the volume of its cages and increase productionfrom 1.2 millionh pounds to 5 million pounds annually. The expansioj requires four permits, which the company appliesd for late lastmonth — two from the state , one from the stat Health Department and a federal Hukilau, which grew out of a projecy in the late 1990s, expects the expansion to generatd $20 million in annual revenue, with wholesalse prices of about $4 a pound.
The company sells its producrt almost entirely withinthe state, to restaurants and said founder, co-owner and CEO Randy Cates. Hukilau’as current operation includes four submerged eachmeasuring 3,000 cubic meters in Its permit applications seek approval to replacde the existing cages with eight new ones that are doublr the current cage sizes. The largetr set would still be two mile s offshore inMamala Bay. The expansion is expectef to cost $13 million, which Cates said will be financedr through federal loans and private He expects the permitting process to be completed in the firsr quarter ofnext year.
Hukilau also is building a fingerlinyg (baby fish) hatchery in Campbell Industrial Park in The facility is expected to be completed this year and producer about 10 million fingerlings If approved, Hukilau Foods’ expansion wouldf follow the downsizing of Kona Blue Water Hawaii’s only other open-ocean fish The Kona farm announced earlier this year that it will reducse annual production of its farmed Hawaiiajn yellowtail from 1 million pounds to 600,0090 pounds. Hukilau Foods grew out of a UH aquaculture research projectthat Cates, a forme r commercial fisherman, took over in 1999. He formed in 2000 to convertf thepilot open-ocean farm into a In 2007, Grove Farm Co.
acquired Cates’ companu and renamed it Grov e Farm Fish andPoi LLC, whicbh does business as Hukilau Foods.
No comments:
Post a Comment