Posts Tagged ‘Land based farming and hatcheries’
Nordic Halibut on track to hit production goals
Nordic Halibut says it is well on the way to achieving its production target of 4,500 tonnes within the next three years and 10,500 tonnes by 2031. Presenting its third quarter figures for this year the company said a strong approach to biological control had led to a new commercial strategy, which will yield better results…
Read MoreAnother NOK 100m raised for China RAS project
Nordic Aqua partners has successfully raised around NOK 100m or almost £7.5m for its China project. The company is developing an initial 4,000 tonne land-based facility near the city of Shanghai, with the first stage due to be completed by next spring. The fresh capital was raised by printing 1,434,721 new shares at a 5.8%…
Read MorePlanning approval for Grimsby RAS salmon farm
Planners have given formal approval to the £75m Grimsby salmon farm project. It can now move forward, eight months after it was first announced. The company behind the plan, Aquacultured Seafood, intends to build the RAS (recirculating aquaculture system) facility on an industrial site close to the fish docks and many of the town’s seafood…
Read MoreGrieg confident new post smolt unit will bring results
Grieg Seafood has said its plan to invest millions of kroner in a new post-smolt unit in Norway’s Finnmark region will lead to an improvement in fish health and welfare. The company has now published more details about the new land-based facility, which is estimated to cost around NOK 1.1bn (£82m). It will produce 300 tonnes of post-smolt…
Read MoreKingfish founder joins redfish start-up as Chairman
US fish farming start-up Pine Island Redfish has appointed Ohad Maiman, founder and former CEO of The Kingfish Company as Chairman of the Board. The move reunites Pine Island founder Megan Sorby – who was formerly Operations Manager with Kingfish Maine – with her former boss. Maiman, an Israeli financier, founded The Kingfish Company in…
Read MoreSalmon Evolution biomass at new high
Land based fish farmer Salmon Evolution has passed yet another milestone with its highest ever biomass at 2,100 tonnes, up from 1,047 tonnes at 30 June. Salmon Evolution operates a hybrid flow-through facility at Indre Harøy on the Norwegian west coast. The company is targeting a production capacity of 100,000 tonnes HOG (head on gutted)…
Read MoreAKVA Group warns of salmon tax impact
The AKVA group, the world’s largest supplier of aquaculture services and solutions, has warned that the salmon tax is having a negative impact on the level of activity in the sea based business – and on land based operations. Presenting its results for the third quarter, the company said that the group delivered slightly reduced…
Read MoreRAS firms projects close to volcanic eruption threat area
At least three Icelandic fish farming companies will be keeping a watchful eye on the south west of the country today where the risk of a major volcanic eruption loomed large at the weekend. The harbour town of Grindavik saw the evacuation of its 3,500 inhabitants on Saturday, after the government declared a state of…
Read MoreProximar seeking extra £12m due to cost inflation
Proximar Seafoods, the company behind the Mount Fuji RAS salmon farm project in Japan, has said it needs to raise more money due to rising construction costs. It is looking for an extra NOK 165 million (around £12m). Proximar said the project’s total capital expenditure (capex) has been updated to NOK 1,240 million (£92m), up…
Read MoreBakkafrost to postpone some slaughtering as profits drop
The Bakkafrost Group delivered a total operating EBIT or operating profit of 269 million Danish kroner (£31m) during the Q3 July to September period this year, down from DKK 325m (£37m) 12 months ago. With lower harvests from the Faroe Islands and problems in Scotland, the results were not unexpected, but the company has also…
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