Seafood Industry Australia (SIA) congratulates Humpty Doo Barramundi for being awarded a multi-million dollar loan under the Australian Government’s Northern Australia Infrastructure Facility (NAIF) program.
“This is great news and the loan will help them develop their fantastic business,” SIA CEO Jane Lovell said.
“It’s really wonderful to see funding and assistance being made available to the seafood industry in Australia to continue to develop and grow.”
Media release from Humpty Doo Barramundi
Northern Territory aquaculture is the big winner with the first NT NAIF loan awarded to Humpty Doo Barramundi.
An exciting program to develop the Northern Territory’s barramundi aquaculture industry is being made possible through a loan for $28.7 million from the Australian Government’s Northern Australia Infrastructure Facility (NAIF) over the next five years, matched by funding from external financiers.
Humpty Doo Barramundi will match the NAIF loan with their own $28.9 million investment in a three stage project to expand its facilities, introduce solar power generation, improve aquaculture practices and increase production.
The first stage of the project totalling $14.4 million will be co-funded between NAIF and the ANZ bank.
The 5th generation Territory family behind the farm will use the NAIF loan to provide opportunities for long term employment and training for more than 100 full time employees in the Northern Territory aquaculture industry over the next five years.
Humpty Doo Barramundi would like to thank the Northern Territory Government for supporting its NAIF application and the continuing contribution to business planning and development, which is underpinning job creation in the Northern Territory.
The project is staged to be delivered over five years from mid 2018 to 2022 and will achieve several firsts for the local aquaculture industry.
The first stage of the project includes:
- Building a solar generation facility to initially generate two megawatts of electricity to reduce reliance on natural gas generated electricity
- Developing a specialised barramundi nursery to reduce bird predation and grow smaller farm-ready fish for other aquaculture farms for the first time in the Territory
- Introduce the Territory’s first automatic feed storage and distribution facility to protect feed from feral animals based on internationally recognised aquaculture technology.
- Ice making facility for product quality.
Owner and General Manager of Operations Dan Richards said the NAIF loan acknowledged the importance of expanding the aquaculture industry in northern Australia and its potential to become the leading supplier of premium saltwater barramundi.
“The NAIF loan and our own investment will benefit the wider community, allowing us in time to open opportunities to others in the region that want to venture into aquaculture,” Dan Richards said. “Overall the opportunity will ensure all Australians and the world in general, have access to Australian grown seafood every day.”
Owner and Managing Director Bob Richards said he was pleased the farm could now invest in solar power and infrastructure that will move the farm towards becoming carbon neutral, while enhancing the Humpty Doo Barramundi’s position as a leader in sustainable Australian aquaculture.
“We have invested a lot in developing a premium saltwater barramundi that contributes $10 million to the Territory economy and can be found on the menus of restaurants across Australia and the world,” Bob Richards said.
The three-stage project supported by the NAIF loan will:
- Expand the Australian grown barramundi aquaculture industry, helping to make Australia self-sufficient in barramundi supply and reduce the need to import barramundi and the associated biosecurity risks into Australia – currently, around 60 per cent of ‘barramundi’ consumed in Australia is imported
- Enable Humpty Doo Barramundi to create skills training and employment opportunities for Indigenous Australians and enterprises in line with its Indigenous Engagement Strategy
- Provide the opportunity for Australian-grown barramundi to be recognised as Australia’s premium white fish
- Enable the Northern Territory to become the main supplier of 100 per cent Australian-grown barramundi
- Improve Humpty Doo Barramundi’s already impressive sustainability credentials with the move to day time carbon neutral operations by developing a four megawatt solar farm.
Humpty Doo Barramundi currently employs over 50 staff to operate the farm, with a further estimated 150 people in supporting industries such as freight, trades and heavy machinery.
The aquaculture farm is owned and operated by the Richards family, a 5th generation Territory family. The family is passionate about providing beautiful Australian food and jobs in the Territory, and has long supported the Australian seafood and aquaculture industries locally and nationally for more than 25 years.
About Humpty Doo Barramundi
Humpty Doo Barramundi is a Territory family owned and operated barramundi farm located outside of Darwin since 1993. Our distinctive silver barramundi are nurtured in an ideal growing environment in large saltwater ponds on the banks of the Adelaide River.
The farm is one of the biggest in Australia and produces about 50 tonnes of saltwater barramundi each week to markets and restaurants across Australia and the world including exporting their premium fish to the United States.
Humpty Doo Barramundi has achieved Best Aquaculture Practices certification for its operation. This international certification is valued by retailers and consumers for its high standards and holistic approach to aquaculture, recognising the high standards of environmental and social responsibility, food safety, animal welfare and traceability of an aquaculture facility.
For media comment from Humpty Doo Barramundi contact Dan Richards on 0402 088 659.
For media comment from Seafood Industry Australia contact Jessica McInerney on 0420 695 431.