Organic Oyster Aquaculture Business - Rio Grande do Norte
The Company is an aquaculture company that was founded in 1993 that dedicated its first ten years to marine shrimp farming. The Company achieved sector leadership and made contributions on the industry’s environmental issues. In 2002, the Company converted operations to organic aquaculture and was certified by Biodynamic Institute. It became the first Brazilian company to produce organic certified shrimp and the first to produce organic certified oysters in the world.
The Company began development of the production technology for organic native oysters in shrimp ponds in 2005 and resulted in a system similar to that practiced in France. The technology is now well established and organic oysters are now being sold in the region. The Company is seeking $1.5 million of private equity financing to expand its business.