Research into Lobster Processing Supported by Provincial Government

Codroy Seafoods Inc. is continuing its research into value-added lobster processing with funding support from the Provincial Government. The Honourable Clyde Jackman, Minister of Fisheries and Aquaculture, today announced a total of $26,700 through the Fisheries Technology and New Opportunities Program to assist the company in its efforts.

“Research into value-added production is key to ensuring our provincial seafood processing industry remains competitive in the global marketplace,” said Minister Jackman. “I commend Codroy Seafoods for continuing to explore new production practices, and I look forward to seeing the results.”

Research efforts by the company began in 2010, when Codroy Seafoods partnered with the Provincial Government to enhance its overall approach to producing live and value-added lobster products. With this new phase of research, Codroy Seafoods is hoping to increase its production levels of live lobster and introduce new value-added products.

“I am pleased to see Codroy Seafoods taking on a leadership role in the industry by engaging in a research project that may one day benefit processors throughout the province,” said the Honourable Joan Burke, Minister of Education and MHA for St. George’s - Stephenville East. “I wish them all the best in their efforts.”

In addition to research and development, Codroy Seafoods will also use the funding provided by the Provincial Government to hire a consultant to assist with accessing new markets.

“It is important to get maximum value out of our lobster catch each year, and so we are always eager to pursue new ideas, new markets, and better approaches to processing lobster,” said John Osmond, owner and operator of Codroy Seafoods. “We thank the Provincial Government for its continued support of our research efforts, and we look forward to advancing lobster production practices.”

During the first three years of the Fisheries Technology and New Opportunities Program, the Provincial Government invested approximately $6 million to support a total of 127 industry-driven projects. The program was continued for another three years with a total investment of $6.6 million through Budget 2011 Standing Strong: For Prosperity. For Our Future. For Newfoundland and Labrador.

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2011 08 31                                         12:50 p.m.