Chile’s Fisheries Committee of the Chamber of Deputies recently passed legislation to develop a project to cultivate algae through a bill, Bulletin 9151-21.
Chile’s undersecretary of Fisheries and Aquaculture Raul Súnico, was very satisfied with the outcome of the vote. He said the project should have a budget of CLP 1 billion ($1.6 million) for the first three years, in order to generate productive alternatives to the craft sector and encourage small-scale aquaculture in the country.
“I hope this will be a short processing projects, because we have the resources and will contribute to the country,” Sunico said. “The demand for algae is growing every day worldwide, and our country can become one of the largest producers in the sector. Recently we were in China, where it already has opened a market for these resources.”
This comes after the Undersecretary of Fisheries and Aquaculture entered the modifications that allowed reactivation of a project that has been motionless since it entered the scene August 2013. In 2013, Chile exported algae for about $300 million.
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