Algae farming hub to come up in Myanmar

algae  Soil Science  NC StateAlgae is a sustainable source for a broad range of high profit value products. (Image source: Soil Science @ NC State/Flickr)Myanmar may soon have an algae farming hub in Yangon with Nation First International Development Asia (NFIDAsia) Company planning to invest in such a venture at the earliest

Algae are a profitable source of bio-fuel and commercial animal feed for aquaculture and agriculture. It can also be a sustainable source for a broad range of high profit value products. Algae farming can be carried out at places like fish farms.

The NFDIAsia has signed a Memorandum of Understanding (MoU) with Hisham Koh & Associates (HKA) which carried out the UNDP’s development programs in Myanmar to facilitate algae farming products in the rural areas throughout the country.

NFIDAsia president Johnathan Pierce said, “The NFIDAsia Company is not a business which will take Myanmar’s money out to other countries. The project will be beneficial for local people.

“We will grow the algae, manufacture it locally and distribute the finished products around the world. The company will not manufacture the products in other countries by only taking the raw materials.”

The president also said that the company has been successfully operating the algae farming businesses in several countries like Japan, US and Israel.

Algae are suitable for cultivation and production in central Myanmar. However, the techniques needed to produce algal based farming products for the export is not developed to the required quality specifications.

Production of spirulina, a fresh water algae consumed by both humans and animals, is being carried out in Butalin Township of Sagaing region, in upper Myanmar and it’s widely used as a nutritious food in 70 countries.

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