1
00:00:00,200 --> 00:00:03,560
Speaker 1: The government's betting our aquaculture will go from strength to strength.

2
00:00:03,600 --> 00:00:07,480
Speaker 1: That's putting almost twelve million dollars into salmon farming mainly

3
00:00:07,520 --> 00:00:09,880
Speaker 1: to expand it to deep water and to prove that

4
00:00:09,920 --> 00:00:12,400
Speaker 1: it all works. If it does, it's thought it could

5
00:00:12,400 --> 00:00:17,240
Speaker 1: increase salmon exports by five hundred million dollars. So Aquaculture

6
00:00:17,280 --> 00:00:19,959
Speaker 1: New Zealand CEO Gary Hooper has got up early for us.

7
00:00:20,000 --> 00:00:20,840
Speaker 1: Good morning to hear Gary.

8
00:00:21,960 --> 00:00:23,520
Speaker 2: Oh, good morning, Andrew, good morning.

9
00:00:23,760 --> 00:00:25,880
Speaker 1: So tell me about deep water salmon farming and how

10
00:00:25,880 --> 00:00:26,759
Speaker 1: will this money help.

11
00:00:28,440 --> 00:00:31,280
Speaker 2: Well, I'm pleased. It was great news yesterday and of

12
00:00:31,320 --> 00:00:35,000
Speaker 2: course this is a good news water story. In contrary

13
00:00:35,040 --> 00:00:39,120
Speaker 2: to what's happening in Wellington, it seems look a wonderful announcement.

14
00:00:39,680 --> 00:00:43,360
Speaker 2: Eleven point seven million co invested in a program. It's

15
00:00:43,360 --> 00:00:47,479
Speaker 2: a five year program. The total programs twenty nine million

16
00:00:47,479 --> 00:00:50,240
Speaker 2: dollars in this with New Zealand King Salmon's Blue Endeavor

17
00:00:50,320 --> 00:00:54,800
Speaker 2: project in the top end just just off or seven

18
00:00:54,880 --> 00:00:58,520
Speaker 2: kilometers off the northern end of the Marlboro Sounds. And

19
00:00:59,040 --> 00:01:02,560
Speaker 2: it is a essentially a proof of commercial pilot and

20
00:01:02,600 --> 00:01:06,720
Speaker 2: there's three elements to it. Is the farming system, a

21
00:01:07,080 --> 00:01:12,880
Speaker 2: new freshwater hatchery using RAS technology, recirculating aquaculture system technology,

22
00:01:12,920 --> 00:01:16,959
Speaker 2: So that's novel, and of course is the breeding components

23
00:01:16,959 --> 00:01:21,040
Speaker 2: as well, to ensure we get the most resilient and

24
00:01:21,720 --> 00:01:28,360
Speaker 2: productive fish farms out there. The five hundred million dollar experts,

25
00:01:28,400 --> 00:01:33,320
Speaker 2: I think that's pretty conservative. When this system, when this

26
00:01:33,360 --> 00:01:37,320
Speaker 2: farms up and running, and there are others in the pipeline,

27
00:01:38,959 --> 00:01:42,440
Speaker 2: could be up to fifty or sixty thousand tons in total.

28
00:01:43,200 --> 00:01:46,000
Speaker 2: That would when it's all up and running, that would

29
00:01:46,040 --> 00:01:49,520
Speaker 2: be well in excess of a billion dollars. So I

30
00:01:49,520 --> 00:01:53,600
Speaker 2: think five hundred million by twenty thirty five that's probably conservative,

31
00:01:53,600 --> 00:01:56,240
Speaker 2: but also quite realistic.

32
00:01:56,440 --> 00:01:58,680
Speaker 1: If you're saying twelve million from the government, thirty million

33
00:01:58,720 --> 00:02:02,120
Speaker 1: dollar spent, so many a billion dollars coming in. If

34
00:02:02,120 --> 00:02:05,360
Speaker 1: it's such a good investment, why hasn't the private sector

35
00:02:05,400 --> 00:02:06,400
Speaker 1: been getting stuck in?

36
00:02:08,120 --> 00:02:14,040
Speaker 2: So this is a pioneering activity and it's kind of

37
00:02:14,400 --> 00:02:17,600
Speaker 2: new anywhere. You know the handful of countries that are

38
00:02:17,600 --> 00:02:19,639
Speaker 2: fortunate enough to be able to farm salmon because of

39
00:02:19,680 --> 00:02:23,359
Speaker 2: their know they have appropriate water conditions, et cetera. Traditionally

40
00:02:23,440 --> 00:02:29,760
Speaker 2: it's been in sheltered, enclosed waters. The move to salmon

41
00:02:29,760 --> 00:02:32,680
Speaker 2: farming and expansion of salmon farming. And New Zealand's not

42
00:02:32,760 --> 00:02:36,760
Speaker 2: the only country with ambitions, but likely future growth is

43
00:02:36,800 --> 00:02:42,480
Speaker 2: to be in the open water conditions. Are you know,

44
00:02:42,680 --> 00:02:46,680
Speaker 2: obviously more energized out there, and new systems need to

45
00:02:46,720 --> 00:02:48,480
Speaker 2: be developed to achieve that.

46
00:02:48,960 --> 00:02:50,240
Speaker 1: Are there any not without.

47
00:02:51,840 --> 00:02:55,919
Speaker 2: Sorry, it has its challenges and look the reason the

48
00:02:55,960 --> 00:02:58,160
Speaker 2: governments are getting behind it not only is that the

49
00:03:00,280 --> 00:03:07,600
Speaker 2: export growth opportunity, but the experience and the learnings, you know,

50
00:03:07,720 --> 00:03:13,080
Speaker 2: the systems that will be developed can be passed on

51
00:03:13,200 --> 00:03:19,280
Speaker 2: to other entrants. And bear in mind one of the

52
00:03:19,400 --> 00:03:25,680
Speaker 2: quite unique situations that New Zealand has is any new aquaculture.

53
00:03:25,720 --> 00:03:31,160
Speaker 2: So any new aquaculture has a commercial mari commercial agriculture

54
00:03:31,200 --> 00:03:34,800
Speaker 2: settlement component. So in many ways, e we are hardwired

55
00:03:34,840 --> 00:03:39,360
Speaker 2: into the opportunity and so that's kind of a unique

56
00:03:39,600 --> 00:03:43,040
Speaker 2: element too. And anything that we can help de risk

57
00:03:43,120 --> 00:03:46,280
Speaker 2: that and accelerate the development has to be a good thing.

58
00:03:46,480 --> 00:03:49,000
Speaker 1: Well, we love an increase in exports, don't we. Gary Hooper,

59
00:03:49,200 --> 00:03:51,560
Speaker 1: who's from Aquaculture and New Zealand, he's the CEO, Thank

60
00:03:51,560 --> 00:03:54,120
Speaker 1: you so much for joining us. For more from earlier

61
00:03:54,240 --> 00:03:57,200
Speaker 1: edition with Ryan Bridge, listen live to news talks. It

62
00:03:57,360 --> 00:04:00,560
Speaker 1: be from five am weekdays, or follow the podcast on

63
00:04:00,600 --> 00:04:01,360
Speaker 1: iHeartRadio