Agrieuro Corp (OTCBB:EURI) is about to kick into motion a process that could generate up to 4 million euros in annual revenues.The company is considering a fish farming project to be located on the Danube Delta. Agrieuro intends to use its tanks for the farming, according to a company release.
Agrieuro Corp (OTCBB:EURI) has figured out how to generate significant and sustainable revenue from fish farming business. On that basis, the management, led by CEO, Radu Cosmin Monda, is modeling a positive future for the company.
Selected fish species
In the fish business, Agrieuro is looking to farm fish species such as Bream, Pike and Crucian. The management has cited that it believes the type of fish it has selected for farming will flourish in the environment that the company will provide them. Agrieuro will use its tanks for the fish farming project.
Estimated output and related income
In the fish project, Agrieuro Corp (OTCBB:EURI) intends to use 3.3 million cubic meters of water. The production ratio is expected to be half a kilogram of fish for every cubic meter. As such, the management is modeling a capacity that can yield 1,600 tons of fish every year. With that production capacity and with fish selling at 2.5 euros a kilogram, Agrieuro predicts it will be in a position to generate revenue in the vicinity of 4 million euros each year.
Beyond fish, Agrieuro sees a potential for farming other non-fish species in its tanks. Such other species that could also thrive in the tank environment includefrogs, crabs, clams, geese and ducks. With these additional species, Agrieuro could end up generating far more than the 4 million euros of revenue projected.
According to CEO, Monda, Agrieuro Corp (OTCBB:EURI) will be looking for other opportunities to monetize its dam facility.
A potentially transformative business
Currently, Agrieuro Corp (OTCBB:EURI) operates a mixture of revenue-generating businesses and those that have not already started generating revenues like the fish project. However, its fish project could be a transformative business in terms of revenue contribution.