Venulum Capital Limited is a major stakeholder in a groundbreaking sustainable lobster farm in the British Virgin Islands. Caribbean Sustainable Fisheries is a prominent British Virgin Islands company, and is developing technology to enable the sustainable production of Caribbean Spiny Lobsters.
Lobster, after caviar, is the most expensive seafood on the market. Overfishing is causing increasing scarcity, and like many marine species, lobster populations in the Caribbean may be on the point of cataclysmic collapse. Demand for lobster is increasing at a time when natural populations are declining.
Venulum believes that Caribbean Sustainable Fisheries will set the benchmark for sustainable lobster fisheries in the Caribbean, and provide a model for sustainable lobster farming for many other tropical lobster species.
Since its inception, Caribbean Sustainable Fisheries has developed the methodology, and secured intellectual property rights and licenses to farm lobsters in the British Virgin Islands. The farm at Pockwood Pond, Tortola, is expanding, with full-scale production expected to begin in 2012. We hope that the farm will eventually produce approximately 60,000 lobsters a year and are confident that demand in the British Virgin Islands and neighbouring islands will consume the total production.
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