Data loading...

Clean Seas ‘Ready To Commercialize’ Tuna Eggs

Aquaculture company Clean Seas Tuna yesterday made an early announcement on the commercialization of its southern bluefin tuna propagation program.

The company’s chairman, Hagen Stehr, said the company was forced to make the announcement earlier than planned after a jump in its share price on Monday.

The company halted trading for about two days after the share price rose by 38 per cent.

Mr. Stehr says the life-cycle of the tuna is now complete, with enough eggs and larvae to produce tuna for the next 18 years.

“We’ve got virtually unlimited amount of fertilized eggs,” he said. “That means that we've got fertilized eggs, we’ve got larvae, we’ve closed the cycle, and we’re now looking for commercialization.”

“If every larvae we got would become a tuna we have roughly worked it out - we have something like 18 years’ annual production of tuna at Arno Bay at present.”