New Key Water Permit Authorizes Water Withdrawal of Up To 5.25 Million Gallons Per Day
MAYNARD, Mass., Oct. 04, 2022 (GLOBE NEWSWIRE) — AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Ohio Department of Natural Resources (ODNR) Division of Water…
AquaBounty Technologies, Inc. has received a new withdrawal and consumptive use water permit from the Ohio Department of Natural Resources (ODNR) Division of Water, authorizing them to withdraw up to 5.25 million gallons of water per day. This permit allows the company to enhance their productivity and sustainability efforts in land-based aquaculture.
Impact on Individuals:
As an individual, the issuance of this new water permit may have various effects on you. With AquaBounty Technologies, Inc. being authorized to withdraw a significant amount of water daily, there could potentially be changes in the local water supply. This may lead to increased competition for water resources, potentially affecting water availability and quality for individuals in the surrounding areas.
Global Impact:
The receipt of this new water permit by AquaBounty Technologies, Inc. has implications beyond just the local level. With water scarcity becoming an increasingly pressing issue globally, the withdrawal of millions of gallons of water per day for aquaculture purposes could contribute to exacerbating water shortages in the region. This could have far-reaching consequences for both the environment and communities that rely on these water sources for various needs.
Conclusion:
In conclusion, the authorization of AquaBounty Technologies, Inc. to withdraw up to 5.25 million gallons of water per day through their new permit has both immediate and long-term implications. It is essential for both individuals and policymakers to carefully consider and monitor the effects of this increased water withdrawal on local water resources and broader sustainability efforts.
