Frequently Asked Questions
Mitcor searches for the latest in scientific developments and intellectual property globally. We review the developments against other advances and make determinations based on over-all impact on the environment, solution implementation and return on our client’s investment. We then act as project managers and often facilitate project financing.
Our team has worked on many diverse marine projects which include the construction of tankers, bulk carriers and livestock vessel. A recent project under planning involves LNG gasification using a Floating Liquefaction (FLNG) vessel, two LNG transportation vessel, Regasified Liquefied Natural Gas (RLNG) vessel and a port way.
Our team has worked on many diverse marine projects which include the construction of tankers, bulk carriers and livestock vessel. A recent project under planning involves LNG gasification using a Floating Liquefaction (FLNG) vessel, two LNG transportation vessel, Regasified Liquefied Natural Gas (RLNG) vessel and a port way.
Vessel budgets can run between $32 million and $378 million on vessel class and country of origin. Construction projects require 40% deposits at time of order and progress billing.
Project timelines are dependent on the requirements of the project criteria. Complex projects such as an LNG vessel will take as long as four to five years at this time.
Mitcor’s senior management has developed long term relationships with major marine designers and vessel manufacturers. Constant research into Marine advancements combined with extensive project management supported by our strategic partners we bring the best team to task.
We considered the factors of environmental damage, shrimp infection, rapidly changing climate and the failure of harvests due to inconsistent operational procedures. Once evaluated there was no way to improve return on investment or deliver consistent quality to the consumer.
We decided 7 years ago that to achieve true long term success we had to approach the quality of shrimp harvests from the science of water quality. In doing so we discovered that water quality was dependent upon many inter-related issues. Therefore, we adopted the policy of achieving a truly closed loop system.
SIAB represents the best options in keeping the grow-out within a controlled repeatable process. Right from the manufacturing of equipment, installation, water purification, feed formulation and distribution of feed we have achieved Total Quality Management (TQM).
Since the system uses under 11” of water to grow the shrimp in the costs attributed to water management are greatly reduced. Less water to manage means savings in energy and water purification. The system uses 60% less feed to achieve the same grow-out weight. This in turn reduces the amount of waste to be removed from the system again a further reduction in energy and less stress on the shrimp. Since there is less stress on the shrimp they eat more consistently and grow out in a shorter period of time. Average yields during trials experienced a reduction in grow-out time by approximately 11%. Depending on the size of operation using the SIAB system we expect capex to be recovered within 18 months.
We have not started full production of equipment and we have already sold our available production for the next 18 months based on our original production capacity. We are currently re-evaluating our production plans and making adjustments to assure more capacity.
With the growing demand for food production to meet world growth predictions Mitcor sees a significant growth opportunity to meet the demand for future feed material.
Senior executives and researchers with the company bring with them over 3 decades of feed knowledge and experience. Our staff has been involved with all facets of animal feed research, formulation balancing and production methodology.
Mitcor can formulate and produce both bulk and packaged feed for the poultry, cattle, sheep, shrimp and fish industries.
Our clients are worldwide and more intensive in certain regions of the world based on formulations.
Mitcor’s senior management prefers to work on government and public utility projects.
The majority of project requests come from the Middle East and India.
Projects are managed by Mitcor staff and built using strategic partners whose expertise are well known to Mitcor management. The project often require multiple participants to achieve project goals and schedules.
Mitcor is an international company with management that is experienced in operating in many countries of the world. Staff are recruited from industry and educational institutions based on their credentials and work experience. We prefer people who have multiple experiences inside and outside their normal field of expertise.
Project timetables vary by opportunity. Some projects are as short as 11 months and other can take up to three years.