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Read a recent profile of
The Tawainese company has recently sailed to its stardom partly through its emphasis on “budget fish” like tilapia and catfish.
Tilapia has traditionally been considered a budget fish that has seen increasing popularity over the years. It has become the second-most farmed fish and is both imported and farmed domestically in the
Tilapia saw record high prices in 2021 with
Consequently, some businesses see an opportunity to fish for bigger profits by increasing domestic tilapia production. In 2021, the
Riding the wave of this growth is
Other companies that use RAS fish farms, like Aquabounty Technologies Inc. (NASDAQ: AQB) Atlantic Sapphire ASA (OTC: AASZF) and Blue Star Foods Corp. (NASDAQ: BSFC), dedicate them to premium products like salmon and crab.
The rise of the split-pond system increased the density at which catfish could be farmed, with one expert describing catfish as “entering a new era.”
However, industry struggles, including transportation costs and decreasing pond acreage, mean that farms still need to increase efficiency. The innovative RAS tank technology is bringing this further stage of development through its protective, managed ecosystem that reduces both landmass and waste.
Nocera Is Expanding To Meet Demand For These Fish
Nocera continues to stretch its fins and expects to construct 500 new units by the end of the year, something only made possible by its strong margins. Its tanks produce 80 times more than traditional fish farms while recycling 90% of the water used. This makes its product a more affordable option for small fish farmers.
Swimming against the industry current has helped Nocera thrive. From a revenue of
However, Nocera's mission is not just about making a profit, it is about transforming the landscape of fish farming. Perhaps the closing notes of the Nasdaq bell were not just ringing out a day of trading but ringing in a new era of sustainable fishing.
This article was originally published on Benzinga here.
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Contact Details
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christine@tradigitalir.com
Company Website
https://www.nocera.company/
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