Oceanus Group Sets Up World’s First Oceanus Foodtech Hub in Hainan, China
Oceanus Sets Up the World’s First Oceanus FoodTech Hub in Hainan with Hainan Raffles Group (“HRG”), a Chinese Conglomerate
In November 2020, Oceanus signed an agreement with Hainan Raffles Group (“海南莱佛士基团”), to set up the world’s first Oceanus FoodTech Hub in Hainan, China, a key aquaculture centre for shrimp and fish farming in the region. Hainan Raffles Group is a Chinese conglomerate which operates across diverse industries such as trading, real estate, offshore services, training and education.
Oceanus FoodTech Hub will be located at the Hainan Laocheng Economic Development Zone, China’s fourth comprehensive free trade zone. During the first phase, Oceanus FoodTech Hub will produce approximately 200 tonnes of shrimp for the first year of production and gradually increase to approximately 1,000 tonnes of shrimp in the following years.