Commercializing Ocean Resources: Aquaculture & Biomedicines Don Kent Hubbs-SeaWorld Research Institute Presented at the Maritime Business and Technology Summit San Diego, California November 16, 2010

The Aquaculture Imperative

40 million more tonnes of aquatic food will be required by 2030 to maintain the current per capita” FAO 2006 At a landed price of $4/kg this is $6 billion supporting 60,000 seafood industry jobs for a benefit of $24 billion to the US economy. Courtesy: Jingjie Cho, NOAA Aquaculture Increasing Global & Domestic Demand NOAA Strategic Goal: 1.5 million more tonnes by 2025 Over 83% of USA’s seafood is imported

Technology is well-established and can be engineered to each site

Site Requirements Need –100 ft 350 ft deep –Clean water with consistent current SCB offers an ideal climate –predictable temperature –Infrequent extremes Avoid conflicts –Outside busy coastal zone –Sandy bottom Close to s eafood industry market and distribution centers

San Diego has Everything Needed

Value of Fish Landed in San Diego for 2006 (Values are in $1,000 USD) Total harvest = $7 million San Diego Is No Longer the Tuna Center

S. Calif. Landings 2006 Landing Weight and Value by Port

Source: CDFG Fish Bull 109 S. Calif. Fishing Areas: 194 x 100 sq. mi. = 19,400 sq mi Commercial Fishing: 100K mt worth $59 MM/19K sq mi = $3,041/sq. mi. Offshore farms: 100K mt/yr in 40 farms in 20 sq. mi. worth $400 MM at $4/kg = $20 million/sq. mi. Efficient Use of the Offshore Environment

Baja California Tuna Farming

The Sonoran Marketing Plan Hermosillo to: Los Angeles: 500 miles Chicago: 1,550 miles New York: 2,200 miles Estimated 50 + K tons of Hamachi Yellowtail is imported to USA every $12/Kg = $600 million

Commercializing Ocean Resources: Aquaculture & Biomedicines Don Kent Hubbs-SeaWorld Research Institute Presented at the Maritime Business and Technology Summit San Diego, California November 16, 2010 Thank You!