Archive for June 2023
Earth Capital takes stake in Ace Aquatec
Cleantech fund Earth Capital Limited has backed aquaculture technology business Ace Aquatec, joining Aqua-Spark and Chroma Ventures as an investor in the company. The sum invested has not been disclosed. Ace Aquatec said it would use the injection of capital to grow its current portfolio of products and markets. As part of the deal, Bradley…
Read MoreOslo under fire for ‘lack of ambition’ on seafood
The Norwegian employer organisation Sjømatbedriftene (Seafood Companies) has expressed concern over its government’s “lack of ambition” for the industry. The comments followed the organisation’s recent national meeting. While Seafood Companies has called for the government to think again about the so-called “salmon tax” or ground rent tax, the organisation says the problem goes deeper than…
Read MoreISA suspected at Vestland fish farm
Infectious salmon anaemia (ISA) is suspected at a Mowi-owned site in Norway, the country’s Food Safety Authority has said. The location is at Kvinnherad municipality in the Vestland region. Mowi first suspected it had a problem over a week ago and immediately notified the authority before sending it samples for analysis. A number of ISA…
Read MoreMowi Scotland denies it wants to ‘gag’ activist
Scottish salmon producer Mowi has denied it wants to gag a campaigner by banning him from its fish farms, in a civil case heard at Oban Sheriff Court on 1 June. Mowi Scotland Ltd is pursuing an interdict to prevent environmental activist Don Staniford coming within 15 metres of its fish farms. Acting for the…
Read MoreBREAKING – Cermaq and AKVA sign NOK 700m post-smolt plant deal
Cermaq Norway has entered into a contract with the aquaculture equipment company AKVA to build a NOK 700m (£51m) post-smolt plant on the island of Sørøya in the Finnmark region. It is thought to be the largest such RAS contract of its kind in the country so far, with design and engineering work starting immediately. The…
Read MoreBakkafrost sets ambitious five year harvest targets
Bakkafrost has set bullish harvest targets for its Faroese and Scottish farms over the next three to five years. By 2026 the plan is for production of 95,000 tonnes in the Faroe Islands and 45,000 tonnes in Scotland. But in 2028 that should increase to 110,000 tonnes in the Faroe Islands and 55,000 tonnes in…
Read MoreProximar completes Mount Fuji project land purchase
Land based salmon farmer Proximar Seafood announced yesterday it has made the first drawdown from its 8.8 billion Yen (£55m) blue sustainability loan facility arranged three months ago. This, it said, will enable it to complete the land purchase agreement for its Mount Fuji RAS (recirculating aquaculture system) farm project. The loan was provided by…
Read MoreSalmon farmer supports Isle of Skye Half Marathon
Scottish salmon producer Bakkafrost Scotland is to continue its relationship with the Isle of Skye Half Marathon 2023, which will include a new 10k event for the first time this year. The event takes place this Saturday (10 June) including the introduction of the 10K event, which which will be a chip-timed run starting from…
Read MoreChinese demand for salmon on the rise, says Seafood Council
The global market for salmon and other seafood could be changing, with increasing demand in Asia, the latest data from the Norwegian Seafood Council suggests. The Seafood Council’s CEO Christian Chramer said in his latest monthly report that while Europe clearly remains the largest single market for Norway’s seafood, there were signs of a shift…
Read MoreMowi cuts investment worth NOK 5 billion
Mowi has dramatically cut back on investment worth at least NOK 5bn (£367m), citing the new “salmon tax” which was approved by the Norwegian parliament last week. The company broke the news to the newspaper and media outlet vg.no, saying it planned to call a halt to significant investment in its post-smolt strategy in Norway.…
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