North Atlantic Seafood Forum Jason W hooley CEO BI M
Today’s talk • A major plan to expand salmon production in Ireland • Some high level details about that plan • The role for Investors in the plan • Where to go if you need more information
Why Ireland?
Multinationals Investing in Ireland 2011 • A rise of 17% on the previous year • 61 investing in Ireland for the first time • 87 existing client companies *source: IDA Ireland
Ireland – Who is investing? • Over 50% of the world’s leading Financial Services • 8 of the TOP 10 companies in ICT • 8 of the TOP 10 companies in PHARMACEUTICALS • 5 of the TOP 10 companies in MEDICAL DEVICES chose Ireland as a location. To mention just a few… *source: IDA Ireland
BIM Greencastle • Seafood Development Agency (www.bim.ie) Killybegs • Government agency founded in 1952 Galway • Integrated service Dublin delivery to fishermen, fish farmers and processors • 150 staff Clonakilty Castletownbere
World Salmon production
A game changer needed • Large scale fish farms situated in more exposed locations around the Irish coast
New thinking – new approach • BIM working with colleagues in the Marine Institute will investigate suitable locations • BIM will undertake the following – engage in extensive public consultation – develop the Environmental Impact Statement – apply for the production license – find a suitable investor to operate the site
Progress to date 3 • Site 1 • 15,000 t p.a. 2 • 2 more sites to be 1 investigated in 2012
Site selection. A systematic process of elimination
• Created a site selection index so that we could score grid cells > Criteria includes:- –Environmental protections –Depth, temperature, salinity, oxygen –Wave climate –fishery interactions –Navigation / Tourism / Infrastructure
Environmental protections
3yrs of VMS data for Aran Islands, vessels of 15m and above
Significant wave height and mean wave direction for a 1 in 50 year storm from the southwest
Maximum wave height for a 1 in 1 year storm for Galway Bay.
Updated ‘suitable cells’ Updated suitability
Most suitable sites for more detailed investigation A A
Guidance - Cage installation will be barely visible, even in the best weather conditions, at distances greater than around 4km”
Local Infrastructure and access?
Possible processing Ice supply Deep water quay
Next steps • Begin technical work • Find suitable site 2 investors • Licence decision • Finalise agreement site 1 with investors
42 million extra 42 million extra tonnes per annum tonnes per annum
Want to hear more? ceo@bim.ie
Thank you for your attention
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