AKVA wins €20m Iceland flow-through contract
Aquaculture technology AKVA group has landed an approximate €20m (£17m) technology contract with the Icelandic fish farming company Laxey.
The deal centres on module 2 and “Reuse” technology (also known as hybrid flow-through) for Laxey’s salmon grow-out facility on the Westman Islands in Iceland.
Reuse is the name given to the on-growing technology used from the smolt stage to fully grown salmon of 6-7 kg ready for harvest. The system constantly exchanges 30% of the system volume with new water, compared to RAS shifting only 1%.
AKVA said: “The Westman Islands have unique geographical characteristics making the islands an ideal location for Reuse salmon farming. The volcanic terrain, including its lava sand, serves as a natural filter, ensuring crystal-clear seawater that can be used in the grow-out. This natural filtration removes pathogens before water enters the grow-out tanks. Moreover, the warm water is consistently at an ideal temperature, facilitating a sustainable production process.”
AKVA said in an Oslo Stock Exchange message that the realisation of the contract and AKVA’s delivery is subject to Laxey obtaining the necessary financing. This condition is expected to be met during March.
AKVA previously provided the RAS systems at Laxey’s hatchery on the island, and was also involved in the implementation of Reuse technology on the first grow-out tanks.
Other Reuse delivery from AKVA group includes the design and installation of advanced oxygenation and degassing systems along with other services.
Laxey is building a fish farm that will eventually produce up to 32,000 tonnes of salmon per year. It says the project should create over 100 direct new jobs in the Westman Islands, in addition to a number of indirect jobs.
Laxey will have a hatchery in Friðarhöfn that will use a RAS system. The production facility will use the hybrid flow-through (Reuse) system.
Two months ago, the first transfers from the hatchery to the rearing facility took place and, Laxey said, were very successful.
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