Ngāi Tahu Seafood Resources Ltd has submitted an application for the Hananui Aquaculture Project under the Fast-Track Approval Act. The ambitious project aims to establish four marine farms for salmon production, each consisting of two blocks of 10 net pens with mooring and anchoring systems. These farms would cover approximately 100ha of coastal space, representing only 8% of the proposed site.
Projections suggest that the project could generate around $500 million in annual gross revenue, a substantial increase in national salmon farming export revenues. Market Economics Ltd estimates that the economic activity from the project could inject up to $841 million into households, with $386 million benefiting Southland residents. Additionally, the project could create up to 480 jobs once operational.
Located 2km off the northern coast of Stewart Island, the proposed site spans 1300ha, with the farms occupying less than 10% of the total area. The complexity of the resource management approvals and the unique environmental factors of the site have led to a detailed evaluation process.
The panel, chaired by Bal Matheson KC, along with Dr. Ngaire Phillips and Stephen Daysh, will make two crucial decisions regarding the aquaculture project. The aquaculture decision will assess the potential impact on fishing activities, while the substantive decision will determine the overall approval of the project. The panel aims to reach a decision by August 10.
The significance of the project, combined with the complex environmental considerations, has necessitated a thorough evaluation process. While there is agreement on many conditions between the Department of Conservation and the applicant, careful attention is being paid to potential impacts.
If approved, this project will be one of two open ocean salmon farms in New Zealand’s territorial waters. The panel acknowledges the uncertainties surrounding this novel activity and is committed to a diligent review process to ensure the project’s sustainability and success.
