Bruneian and Chinese companies are forming a joint venture to establish a halal fish processing facility. Biomarine Sdn Bhd, the new company, is expected to initiate operations soon.
 
The company has plans to introduce a sigh hatchery and nursery, cold storage, and blast freezers, reports the BruDirect website. The company was formed with a seed capital of $1.45 million and is need of a further $6 million.
 
"Once the JV Company has fully established its deep-sea aquaculture venture, a halal fish-processing plant will be established to process fish that is available in Brunei and surrounding regions for export to the Middle East and other Muslim countries," a statement from BioMarine issued yesterday said. The Chinese company that partly owns BioMarine is Raoping Jin Hang Deep Sea Cage Development Co Ltd.