The aquaculture company based in Lagos has made productive investments to build a new fish farming unit in Olhão to increase its production capacity.
The Algarve’s Regional Coordination and Development Commission (CCDR) has revealed that Aqualvor is responsible for executing one of the projects supported by the MAR2020 programme in the region.
Founded in 1994, Aqualvor is an aquaculture company located in the Ria de Alvor natural reserve in the municipality of Lagos, which produces and sells fish, such as sea bass and sea bream.
The company’s new project, Aquamarim, consists of making productive investments to build a new fish farming unit in Olhão to increase the company’s production capacity. The new fish farm, which features nine production tanks, an effluent treatment tank and a reservoir for water retention, relies on all the experience, know-how and work methodologies developed over the years by Aqualvor.
The new operation was approved for an eligible investment of €983,836.13, with public support of €491,918.07. Of the approved amount, €968,275.18 was executed by the promoter, with an execution rate of 98%.
Among the numerous productive investments made by the company, the following stand out:
- Modernization of the aquaculture production unit, including improving working conditions and worker safety;
- Modernization related to animal health and welfare, including the acquisition of equipment designed to protect farms against wild predators;
- Improvement of product quality through the application of appropriate management techniques and the introduction of new technologies;
- Introduction of systems and/or processes that increase efficiency in terms of resources compared to usual practices in the sector;
- Installation of systems that contribute to improving energy efficiency and promote the conversion of aquaculture companies to renewable energy sources;
- Requalification of natural or artificial lakes used for aquaculture by removing silt and sediment;
- Investments that substantially reduce the impact of aquaculture companies on water use and quality, especially by reducing the amount of water, chemicals, antibiotics, and other medicines used or improving the quality of outlet water, including through the use of multitrophic systems or settling aquaculture.
Aqualvor has played an important role in boosting the Alvor region as an area of choice for fish production in the Algarve. It is currently a reference company in the Portuguese aquaculture market.
The company’s business model is based on the fish production and fattening process and is responsible for controlling the growth cycle. It is exclusively responsible for its sales and those of its commercial partner PVL – Piscicultura Vale da Lama, and relies on open channels with large-scale distribution for weekly production flow.
Aqualvor’s dynamics and policies will be maintained in the future, with Portugal as the primary destination market and marketing efforts being developed in the French and Spanish markets, which have good demand dynamics and offer more competitive prices.