Project Sea Dragon

Project Sea Dragon Project Sea Dragon is a large-scale, integrated, land-based prawn aquaculture project in northern Australia designed to produce high-quality, year-round reliable volumes for export markets.The PSD will be a staged development of up to 10,000 hectares of produce ponds, including the development of a series of facilities across northern Australia:• Genetics, Breeding Program & Multiplication Centre • Hatchery • Feed Mill processing plant • Grow out ponds • Harvesting & ProcessingPSD is a unique and world class aquaculture opportunity designed to meet the growing global demand for seafood, particularly in Asia, at a scale that enables it to leverage Australia’s comparative advantages in biosecurity, marine science, access to key raw materials and expertise in large scale resource and agricultural development. A project of large scale means that Australia can be a low-cost producer, and Australia’s strong bio-security credentials and the Project’s relative remoteness will assist in mitigating bio-security risks. The project is to be developed in stages, with Stage 1 consisting of 1080 ha of prawn production ponds. Stage 1 is about 10% of the total project.BENEFITS TO AUSTRALIA Project Sea Dragon: • Establishes a new export industry The project will, within 10 years, produce $1.7 billion in export revenues. • Creates jobs The project will create 10 sustainable, direct jobs as well as flow-on jobs in relevant services. • Improves Australia’s seafood balance of trade The project will significantly improve Australia’s seafood balance of trade by boosting Australia’s exports of prawns. The value of Australia’s prawn exports was approx. $101 million for 2013-2014. By comparison, Australia’s total live animal export earnings were worth $1.45 billion in 2014. • Year round production in northern Australia The project establishes an industry which is not subject to cyclical commodity fluctuations.For more information on current NT Projects please visithttp://www.icn.org.au/content/northern-territory/northern-territory-projects