Government of Canada and Prince Edward Island fund projects to boost innovation in the aquaculture, harvesting and seafood processing sector

Backgrounder

Fisheries and Oceans Canada and the Province of Prince Edward Island are pleased to announce funding of $ 3,112,920 for nine organizations through the Atlantic Fisheries Fund.

The funding will help innovate the aquaculture, harvesting and seafood processing sectors in the Province with the adoption of new technologies and equipment to improve productivity and sustainability.

Recipient Location Project description Total project cost AFF funding
PEI Mussel King Inc. Morell To purchase new equipment for the creation of value-added products and productivity improvements. $2,100,000 $1,000,000
Seafood 2000 Ltd. Georgetown The adoption of new equipment to automate lobster processing. $1,806,541 $926,400
Bait Masters Inc. Nine Mile Creek To acquire the equipment required to set-up a processing facility for the commercial production of its new alternative bait product. $752,154 $556,595
Sweet Oyster Company Inc. O’Leary To adopt new equipment to establish a new oyster processing facility. $685,000 $250,000
Acadian Supreme Inc. Wellington Adoption of new equipment that will automate lobster processing. $146,600 $99,900
Bill & Stanley Oyster Company Ltd. Vernon Bridge  Trial of a new growing system through the partial conversion of an oyster seed farm. $186,200 $99,900
Alberton Fisheries Ltd. Alberton To add chilling capacity to the lobster holding facility to improve the quality of lobster held during the warmer summer months.  $112,255 $81,385
Atlantic Shellfish Products Inc. Morell To purchase new equipment to automate Atlantic Shellfish Products (ASP) oyster packaging line. $93,825 $75,060
Colville Bay Oyster Company Ltd. Colville Bay To acquire oyster processing equipment to gain efficiency in its processing operations. $29,600 $23,680
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