Nueva Pescanova, Spain's largest fisheries business, has dropped plans for the world's first industrial octopus farm. The company had announced plans to invest €65m in the project in 2022, predicting it would produce 3,000 tonnes of octopus a year by 2025. However, the company has cited business and regulatory reasons for shelving the plans.
Octopus farm plans shelved in Spain
UKPulse News DeskNueva Pescanova has dropped plans for the world's first industrial octopus farm due to business and regulatory reasons.
- Nueva Pescanova announced plans to invest €65m in the world's first industrial octopus farm in 2022.
- The company predicted it would produce 3,000 tonnes of octopus a year by 2025, but shelved plans at the end of July 2026.
- Octopuses are difficult to farm due to their delicate larvae and finicky eating habits.
Why this matters: The decision raises questions about the viability of octopus farming and the ethics of farming intelligent wild animals.
What this means for you: The decision may impact the future of octopus farming and the demand for wild-caught octopus.