#Seafood - Marine Minister Simon Coveney has welcomed plans by the Killybegs Fishermen’s’ Organisation (KFO) and a Norwegian partner to build the largest marine food ingredients plant in the world in Killybegs, Co Donegal.
The plant, due to become fully operational by 1 January 2017, will produce valuable high-end marine protein for human consumption.
“This facility will become a ‘game-changer’ in the seafood sector," said the minister in his opening address at the BIM National Seafood Conference at Dublin's Aviva Stadium yesterday 2 April.
"It will position Killybegs and Ireland as a global leader in supply and research around new products and benefits from protein, oils and calcium associated with the sea," he added.
"This new processing facility arises from the new boarfish fishery which was developed by Irish fishermen over the past few years. In 2012, the EU introduced quota shares for the stock and Ireland secured 70% share of the fishery and has a quota of 88,000 tonnes in 2014.
"I am delighted that the new food ingredients project will maximise the value of a significant part of this fishery and centre the associated economic activity and jobs in the heartland of Ireland’s fishing community."
Minister Coveney confirmed that while the plans are at an early stage, “discussions are underway to finalise the full funding of the project. I look forward to the successful conclusion of these negotiations and to a formal announcement of this project in Donegal.
"KFO chief executive Sean O’Donoghue has invited me to Donegal to announce specific details of the project on 9 May, which I’m very pleased to accept subject to successful conclusion of the ongoing discussions.”
The focus of the conference, hosted by Bord Iascaigh Mhara and attended by seafood business leaders, global industry thinkers and world-renowned fisheries experts, was ‘capturing Ireland’s share of the global seafood opportunity’.
Minister Coveney added: “We all need to challenge our thinking and inform ourselves of best international practice so that Ireland will be able to position itself to maximise its share of the global seafood opportunity.
"Ireland may currently be a small player in the context of world seafood, however, given the huge resources around our coast it is clear that we should have major ambitions for sustainable growth of our seafood sector. This conference will contribute to making these ambitions a reality and the Killybegs food ingredients projects shows what can be done.”