Aquafarm 3 - Sanjiao, Zhongshan
Aquafarm 3 (AF3) formerly known (informally) as Prawn Farm 2 or PF2 or ZSAPP, Aquafarm 3 has generated income for SIAF since May 2012. AF3 is currently the primary shrimp hatchery for the MegaFarm project, producing yearly over 2 billion postlarvae (shrimp larvae that have just metamorphosed into tiny animals that resemble shrimp, from more unrecognizable larvae stages, the nauplii, zoea, and mysis stages). The hatchery at AF3 is targeted for construction to expand production to 5 billion postlarvae (“PL”). AF3 also conducts growout of shrimp, prawns, and fish in open and partially open ponds.
Construction of facilities was phased from 2012 through 2017. Completion of build-out of AF3 is targeted by the end of 2018. The first three phases resulted in production capacities of 3.2 billion postlarvae and 1,200 metric tons of prawns. Subsequent and ongoing construction targets production capacity of 5.0 billion postlarvae. Also, as of mid 2017, open dam ponds are being converted to 3rd generation Open Dam Recirculating Aquaculture Systems (“ODRAS”), an adaptation of the Company’s indoor tank APRAS technology. As part of the hatchery system, there are also outdoor growing and holding ponds.
AF3 has been widely recognized and acclaimed for its success, and hosts many important visitors. The hatchery also has established long-standing relationships with several key partners worldwide who provide guidance and advice on hatchery protocols.
Prior to the TW carve-out, Zhongshan A Power Prawn Culture Farms Development Co., Ltd. (ZSAPP) was the intended name of the future Sino-Foreign Joint Venture company ("SFJV"), subject to approval by Chinese authorities under our application for SFJV status, established to own and operate Aquafarm 3. The Company had pre-paid $5,558,057 toward the consideration of its future SFJV toward the assets of the fully developed farm, equivalent to just under 20% equity interest of the future SFJV. AF3 has been generating revenue since May 2012. Since the carve-out, Tri-way Industries, Ltd. conducts sales and marketing activities for Aquafarm 3.
Currently, AF3 grows Pacific white shrimp, Longze Macrobrachium rosenbergii, Broodstock prawns, Africa Penaeus Monodon Broodstock and Africa King Prawn, etc. In addition to raising shrimp in its ODRAS, AF3 also raises Tilapia and other species for the local market. The fish grow rapidly and can obtain several kilograms market size in 18 months.
To further improve the design of the ODRAS, the growout ponds went through another generational development, improved with black plastic linings, or more correctly, High-Density-Polyethylene (HDPE), on pond bottoms. HDPE liners are smoother than concrete, easier to clean, and are easier on the bodies of shrimp. They are more economical to use on a larger scale than concrete. The ponds have concrete only on the banks of this design to ensure a stable surface for attachment of the liners and for integrity of the pond shape. Proper placement of aerators promotes circular movement of water to ensure optimum self-cleaning. These HDPE lined ponds are currently being used to raise Pacific White shrimp which are amenable to such a design and can be raised at very high densities in this system. Also, an additional 2,000 mu of ponds will be added by 2019 for cooperative farming using the technology.
Aquafarm 4 & 5