Country for PR: United States
Contributor: PR Newswire New York
Friday, January 14 2022 - 03:01
Forever Oceans signs deal with Brazilian Government for world's largest offshore concession for sustainable seafood production
BRASILIA, Brazil, Jan. 13, 2022 /PRNewswire-AsiaNet/ --

- Job boosting concession area is three-and-a-half times the size of Washington 

- Landmark deal increases Forever Oceans finfish production capability by more 
than 25% and positions Brazil as an emerging leader in sustainable seafood

Bill Bien, the CEO of Forever Oceans ( 
), a leading innovator in sustainable seafood, met today with Jorge Seif 
Junior, Secretary of Aquaculture and Fisheries of the Ministry of Agriculture, 
Livestock and Supply to sign a concession agreement that puts Brazil on track 
to be an emerging leader in sustainable seafood production. The initial 20-year 
agreement authorizes Forever Oceans to ocean-raise fish within automated 
enclosures in two zones, located 7-15km (4.3-9.3 miles) off the Brazilian coast 
of the state of Bahia. Together, they represent the largest offshore concession 
ever given for sustainable marine aquaculture, totaling 64,200 hectares, an 
area three-and-a half times the size of Washington DC. The operation is 
expected to create up to 500 jobs over the next eight years.

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"With a coastline of more than 8,500 km, Brazil is one of the main frontiers 
for fish production, generating, in addition to healthy food, employment and 
income," said Seif. "This landmark agreement is historic for Brazil and will 
set the country on the path to the development of sustainable marine 

In 2018, the global marine aquaculture market produced 7.3 million metric tons 
of finfish valued at US$35.4 billion(1). The global demand for finfish from 
marine aquaculture is forecast to grow threefold to 21 million metric tons by 
2050(2), as more consumers incorporate fish as a part of a healthy diet.

"This agreement will help us to serve the growing demand for delicious, 
nutritious seafood and gives us the space to scale and grow rapidly, and the 
opportunity to develop the largest offshore sustainable seafood capability in 
the world," said Bien. "We will bring our different approach to the waters of 
Brazil, applying our expertise in aquaculture, conservation and innovation to 
raise delicious and protein-rich fish in deep-ocean waters in a highly 
environmentally-friendly and sustainable way that's good for people and the 

In addition to the new site in Brazil, the Virginia, US-headquartered company 
has a research and technology facility in Hawaii, and offshore operations in 
Panama and plans an offshore operation in Indonesia.

In Brazil, the company will ocean-raise Forever Oceans Amberjack, known locally 
as 'Olho de Boi' or Remeiro. This versatile finfish is praised for its taste, 
protein, nutrition and is rich in Omega-3.

An onshore hatchery in Ilhéus, Bahia, Brazil, will raise fingerlings from eggs 
for placement in large deep-ocean enclosures, enabling them to swim and grow in 
a protected and more natural environment. Initially, 24 automated enclosures 
are planned inside the two ocean zones, which comprise responsible eco-friendly 
aquaculture zones. The operation in Brazil is expected to create approximately 
300-500 good-paying jobs over the next eight years once full capacity is 

In September 2021, Forever Oceans was named in Seafood Source Magazine's Top 25 
Seafood Innovators ( 
) list.

About Forever Oceans

Forever Oceans ( 
) is a leading innovator in sustainable seafood. Our mission is to provide a 
new way for the world to produce delicious, sustainable seafood that's good for 
people and the planet. We know fish, we know conservation and apply unique 
innovations. These include ruggedized enclosures where everyday tasks are 
automated using advanced systems. They ensure our operations are efficient, 
integrated with the environment and supportive of local communities. Forever 
Oceans was recently named one of America's most innovative seafood companies ( 
) by Seafood Source.

Our Research and Technology Center is in Hawaii, and we have offshore 
operations in Panama, Brazil and one planned for Indonesia. Our sustainable 
seafood will be in US restaurants in early 2022. Learn more about Forever 
Oceans at

(1) FAO UN

(2) 'Oceans' Future to 2050 Marine Aquaculture Forecast'. 2021 report by DNV.

SOURCE: Forever Oceans

CONTACT: Monica San Miguel, T: +1 (716) 253-0101, E: