SFG – Legune Station Sea Dragon Farm – Northern Territory - Project Profile
"SFG – Legune Station Sea Dragon Farm – Northern Territory - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "SFG – Legune Station Sea Dragon Farm – Northern Territory - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Seafarms Group Ltd (SFG), a subsidiary of Commodities Group Ltd, is planning to construct aquaculture production prawn farms in Northern Australia, Australia.
The project involves the development of aquaculture production prawn farms on 10,000ha of land and planned to be implemented in five stages.
The first stage includes the construction of 1,120ha land-based production ponds(three farms) and 324ha of internal recycling ponds with the production capacity of 14,000TPA black tiger prawns.
The second stage includes the construction of additional 1,080ha ponds.
It includes the construction of a feed mill to produce a range of feeds up to 200,000 tonnes per annum (TPA), a hatchery and breeding center, grow out farms, a processing plant capable of processing up to 500 tonnes per day (TPD), a 120MW power station and ancillary infrastructure facilities, the upgrade of port and wharf and road and township infrastructure.
Herbert Smith Freehills has been appointed as legal adviser, Sinclair Knight Merz Pty Ltd as the consulting engineer and CO2 Australia as the environmental consultant.
In 2012, preliminary investigations were undertaken for the development of large-scale integrated prawn farm in Northern Territory and Western Australia.
On June 18, 2013, SFG completed the pre-feasibility study (PFS) report.
In February 2015, SFG signed a three-year Access and Option Agreement, which will allow SFG to start applications for the land tenure, approvals and licenses for the farm, obtaining regulatory and environmental approvals, complete a bankable feasibility study and arrange funds.
In July 2015, SFG commenced the process of environmental studies and community consultation.
In June 2016, on-ground earthwork investigations have begun.
On October 24, 2016, SFG released its Environmental Impact Statement (EIS) for the first stage.
In January 2017, SFG completed public consultation meeting on the project.
SFG appointed Lazard Pty Ltd as the financial advisor for the project.
In March 2017, the Northern Territory Environment Protection Authority (NTEPA) released an assessment report on the proposed facility, recommending its approval subject to 13 conditions.
On May 11, 2017, SFG secured the final federal environmental approval under the Environmental Protection and Biodiversity Conservation Act(EPBCA) for the first stage of the project.
On June 28, 2017, SFG secured a long term land lease agreement. The lease agreement includes a land purchase option once certain capital improvements have been made. The agreement is with the Western Australia (WA) Government’s Department of Lands.
SFG awaiting final ministerial approvals for the development of the project.
The project involves the construction of prawn farms on 10,000ha of land at Legune Station, on the border of the Northern Territory and Western Australia, Australia.
The US$1,124 million project includes the following:
1. Construction of a 200,000TPA feed mill
2. Construction of a hatchery and breeding center
3. Construction of grow out farms
4. Construction of a 500TPD processing plant
5. Construction of a 120MW power station
6. Construction of ancillary infrastructure facilities
7. Upgrade of ports and wharf
8. Upgrade of road and township infrastructure
Reasons To Buy