Land farmer Salmon Evolution records all time high biomass

In a positive operational update, Salmon Evolution has announced it is achieving strong biological performance at its land-based farm, with good growth and normal mortality levels across all fish groups. The company’s flow-through farm is located at Indre Harøy on the Norwegian coast. Salmon Evolution has now achieved an all-time high standing biomass of around 2,100 tonnes live weight which is  up  by 101% since the end of the second quarter on 30 June. The latest report said net biomass production for the third quarter totalled 1,290 tonnes  and the company said it has seen a steady increase throughout the quarter, resulting in a quarterly run rate of around 1,600-1,700 tonnes at the end of September. Batch number eight was stocked during the quarter and Salmon Evolution now plans to stock two additional batches in this the fourth quarter, supporting further increase in biomass production and steady state production volumes of 7,900 tonnes HOG (head on gutted) p.a. by year-end. It  harvested 185 tonnes (HOG) during the third quarter, after pushing some of the planned volumes to the fourth quarter to optimise harvest weights and price realization. For the fourth quarter the company is planning to increase harvest volumes significantly.  "We are very pleased with the continued strong biological performance,” its statement to the Oslo Stock Exchange said. CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen, said: “During the third quarter we saw both an all-time high biomass production and standing biomass. “Coupled with production costs trending in the right direction on back of higher production, and a historically strong salmon market, we very much look forward to the fourth quarter and our significant ramp-up in harvest volumes.” Salmon Evolution is targeting a production capacity of 100,000 tonnes by 2032.