Proximar delivers positive message despite earlier problems

At the end of Q4 2024, the company had a standing biomass of 1,058 metric tonnes, up from 735 tonnes at the end of Q3 2024.

This is encouraging news for Proximar which revealed in November that it had been affected by biofilter problems which could hit expected harvest totals. However, the company said the incident did not cause any salmon mortality and added that it has taken measures to ensure adequate water quality for the salmon.

Proximar says it has currently 20 batches and approximately two million individuals in production.

The statement continued: “The targeted long-term harvest level for Proximar is 5,300 tonnes HOG (head on, gutted) per year in Phase 1 and based on the performance of the system and biology, the company remains on track to reach the target utilisation in 2027.

During the quarter, Proximar harvested 28 tonnes (HOG), achieving an average net selling price of NOK 123 (£8.71) per kilo.

CEO Joachim Nielsen said: “The feedback has been very positive and confirms good quality and taste. The average weight of the harvested fish was 4.17 per kg (HOG), with 99.9% superior grade fish.”

 “We are very pleased about a fantastic start of sales and very well received fish in the market.

“The price achievement and feedback clearly show how Fuji Atlantic Salmon has been positively received in the Japanese market. The feedback on the quality and taste is very positive, and we are looking forward to supplying more volumes as we now enter 2025.”

He added: “As for the biological performance and water quality, we remain optimistic on our production going forward. Unfortunately, we experienced two incidents in Q4 related to construction and material weakness.

“However, our team has resolved these challenges without any mortality, which is impressive. We are now taking measures to repair the damages and will also review the rest of our facility to address any weaknesses and take necessary action where needed.”