IRELAND’S first abalone shellfish farm, which was officially opened in Beara, Co Cork, yesterday hopes to export most of its output to Japan when fully operational in the next three to five years.
Abalone is not widely known in Ireland as it is not a native species. There is currently no domestic market for the shellfish. However, it is considered a delicacy in the Far East and has a high value as a result.
The species, Ezo awabi, farmed in Ireland, is the preferred choice in Japan and can demand up to €40-€60 a kilo. The export market, therefore, is seen as having great potential for the years ahead. Tower Aqua Products Ltd, owned and operated by Michael O’Neill and business partner Aidan McGurn, was researched and developed over the last five years. With the help of Bord Iascaigh Mhara (BIM) a feasibility study was carried out, following which grant aid for the development was approved.
Minister of State Tony Killeen, who officially opened the farm, said it was a testament to the entrepreneurial spirit in difficult economic times that small enterprises such as Tower Aqua are starting up new ventures. The minister said they are progressing new and innovative ways to do business that will ultimately increase output and generate jobs for coastal communities. "West Cork is well known internationally for its quality shellfish and I hope that this intriguing new species will also become well established and sought after worldwide. There is no doubt that the beautiful clean waters around the Beara peninsula and the pursuit of the highest standards by this farm, coupled with BIM’s business development support, will ensure Irish abalone gains an excellent reputation in our key markets," he said.
BIM is currently working closely with abalone farmers in Ireland – there are presently six farms in operation – to develop business plans, identify new routes to market and grow their business. BIM chief executive, Jason Whooley, said worldwide production for abalone currently stands at 30,000 tonnes. Through strategic business development, Ireland’s abalone industry can benefit from operating in this competitive market just as it has with already well-established species such as mussels, oysters and salmon. "The development of new species such as abalone in the Irish aquaculture industry is a perfect example of how an innovative new company from rural, coastal Ireland can drive innovation in the seafood sector as a whole," the BIM chief said.
Tower Aqua Products, expects to employ up to 10 people full time when fully operational.
