The best of two worlds.

Andfjord Salmon™ brings salmon farming into the future. With the combined experiences from two worlds, Andfjord Salmon™ brings the benefits of both ocean net-pens and land-based aquaculture. The result is optimal salmon welfare and sustainable production in Arctic waters at 69 degrees north.

Andfjord Salmon's annual report and sustainability report 2021. Read more

The company

Andfjord Salmon is located in the village of Kvalnes on Andøya. Andfjord’s location at latitude 69 degrees and well within the Arctic, ensures a safe and unique environment for salmon
farming.

Our technology

This patented technology is based on a flow-through system requiring low energy and operating costs, coupled with minimal environmental impact. The patent is verified by industrial aquaculture specialists.

News and press releases

Notice of Annual General Meeting in Andfjord Salmon AS

Annual general meeting in Andfjord Salmon AS (org. no. 913 379 403) (The Company) will be held in the Company’s offices at Kvalnes, Andøya at 12.00 CET 28. April 2022.

Andfjord Salmon's annual report and sustainability report 2021

“2021 was a year of substantial progress for Andfjord Salmon", says Martin Rasmussen, CEO of Andfjord Salmon.

On track for release of smolt in Q2 2022 | Q4 and full-year 2021 interim financial results

Andfjord Salmon successfully verified its unique laminar water flow technology during the fourth quarter of 2021.

Andfjord Salmon presents it's ESG report for 2021

Andfjord Salmon has today published its second ESG (environmental, social and governance) report, for the calendar year 2021.

The Norwegian Parliament's Business Committee visits Andfjord Salmon

Last week, the Storting's (the Norwegian Parliament's) Standing Committee on Business and Industry visited Andfjord Salmon at Kvalnes.

Invitation to Q4 and full-year 2021 presentation

Andfjord Salmon AS invites investors, analysts and media to an operational update and presentation of the fourth quarter and full-year 2021 interim financial results.

Leading seafood industry players Nutreco and Holmøy Group to make strategic investments in Andfjord Salmon

Nutreco, a global leader in animal nutrition and aquafeed, and Norwegian seafood group Holmøy, have agreed to invest in Andfjord Salmon, as part of a NOK 38 million private placement.

Happy new and exciting year!

Dear Andfjord Salmon shareholder, plus other friends and business partners: Happy New Year and welcome to what will be a very exciting and eventful year for Andfjord Salmon.

Andfjord Salmon's ambition is to create the world's most environmentally and fish-friendly onshore facility – with the smallest possible footprint.

Just off the coast of Andøya island in the Vesterålen archipelago, the Gulf Stream flows north. At no other point on this extremely long coastline does the life-giving current reach closer to land than at this island. Watch the new film about our solution.

Successful verification of laminar water flow

Following a period of successful testing, Andfjord Salmon has verified the laminar water flow technology at its first pool at Kvalnes, Andøya.

Andfjord Salmon: Pool testing progressing well | Q3 2021 interim financial results

Andfjord Salmon has successfully completed the extensive test programme of standard pool functions at the company’s first pool. Next step is to initiate testing of the laminar water flow, which is the heart of Andfjord Salmon’s flow-through technology.

Andfjord Salmon: Invitation to Q3 2021 presentation

Andfjord Salmon AS invites investors, analysts and media to an operational update and presentation of the third quarter 2021 financial results.

Operational update: First pool filled, test of pool functions and laminar water flow

The first pool at Kvalnes on Andøya has been filled to its highest level, and the technical results are good. The next step is to test the laminar water flow.

Invitation to Innovative Andøy and presentation of Andfjord Salmon

Andøy municipality invites you to an opportunity seminar at Oslo Concert Hall on Thursday, 18 November, at 09.00 - 13.00. Andfjord Salmon will present the future of salmon farming, and you'll get an inside look at innovative projects including Andøya Space and The Whale.

Gro Skaar Knutsen appointed to the board of directors in Andfjord Salmon AS

Managing director of PEAB Bjørn Bygg, Gro Skaar Knutsen, has been appointed as a new board member in Andfjord Salmon. “With her expertise as a leader in the construction industry, Knutsen will strengthen our work with the development projects at Andøya,” says board chairman Roger Brynjulf Mosand.

Notice of extraordinary general meeting in Andfjord Salmon

The Board of Directors (the "Board") hereby calls for an extraordinary general meeting of Andfjord Salmon AS (the "Company") at the Company's offices at Kvalnes, Andøya, at 12:00 CET on October 13 2021.

Andfjord Salmon appoints Jostein Nilssen as its Project Director

Andfjord Salmon is excited to announce the appointment of Jostein Nilssen as its Project Director. Nilssen has international experience as a project manager and Offshore Installation Manager in ConocoPhillips, and was most recently Production Director in Øksnes Entreprenør.

"Our technology is not dependent on pumping, heating or cooling, or other costly operations. In that way we save a lot of energy."

Andfjord Salmon's technology is designed to save energy. "In fact we do not even need to pump water. Our unique design saves a lot of energy", says R&D Director Ben-Tommy Eriksen. Watch a video of his presentation of the technology.

Andfjord Salmon: Q2 and H1 2021 interim financial results

Andfjord Salmon has completed its first pool and is progressing with its 50 percent production volume expansion plan at its Kvalnes facility. Additional financing has also been secured. Watch video of the Q2 presentation.

Andfjord Salmon: Invitation to second quarter and half-year financial results 2021

Andfjord Salmon AS invites investors, analysts and media to an operational update and presentationof the second quarter and half-year 2021 financial results.

Bettina Flatland becomes political adviser for the Minister of Local Government and Modernisation

Board member Bettina Flatland will be assuming the position of acting political adviser for the Minister of Local Government and Modernisation during the period July 6, 2021 until and including September 14, 2021.

Andfjord Salmon AS announces potential plan for 50 percent growth in production volume | Q1 2021 interim financial results

Andfjord Salmon AS today announces an opportunity to initiate a volume expansion plan at its Kvalnes facility. The plan involves increasing production volume by around 50 percent, from 12,600 to 19,000 tonnes HOG.

‍Notice of annual general meeting in Andfjord Salmon AS

The Board of Directors (the "Board") hereby calls for anannual general meeting of Andfjord Salmon AS (the"Company") at the Company's offices in i Havnegaten 19,8400 Sortland, at 12:00 CET on 6 May 2021.

Annual report 2020

Welcome to Andfjord Salmon’s first annual report as a listed company. The listing on Euronext Growth in 2020 was a key strategic building block for the build-up of Andfjord Salmon, both from a financing and growth perspective.

Pettersen has a new role – Mosand is new board chair

Roger Brynjulf Mosand has been elected chair of the board in Andfjord Salmon. Former working board chair Roy Bernt Pettersen will remain a board member.

Andfjord Salmon: Notice of extraordinary general meeting - proposed new chairman

The agenda for the general meeting is to elect a new chairman of the Andfjord Salmon’s board of directors.

Andfjord Salmon on track with Kvalnes build-out: Q4 and full-year 2020 interim financial results

Andfjord Salmon AS remains on track with its Kvalnes development, which has been significantly de-risked during the fourth quarter 2020 and into 2021.

Invitation to Q4 and full-year 2020 results presentation

Andfjord Salmon AS invites investors, analysts and media to a live company update and presentation of the company’s full-year 2020 financial results.

Andfjord Salmon AS: First pool hooked up

Andfjord Salmon™ has successfully installed the time-critical sections of the water outlet pipeline for the company’s first pool.

Connected: The Main Artery in Place at Andfjord Salmon's Facility on Andøya

– After we’ve been waiting for an appropriate weather period for a long time, the weather gods finally stood by us, says Martin Rasmussen, CEO.

SkatteFUNN application approved

The Norwegian Research Council has approved Andfjord Salmon’s application for the SkatteFUNN tax incentive scheme.

Andfjord Salmon AS: Invitation to webcast of Q3 2020

Andfjord Salmon AS: Invitation to webcast of Q3 2020 results presentation 2 December at 08:00 (CET)

Research report from NIBIO confirms commercial potential of fish sludge from Andfjord Salmon™

Dried fish sludge from Andfjord Salmon’s land-based aquaculture facility has the potential to be used in growth media such as organic fertilizer.

Andfjord Salmon™ Presented 20 meters Below Sea Level

The first Andfjord Salmon™ pool takes shape. And below sea level, CEO Martin Rasmussen, presented the status of the project at the 2020 Aquaculture Seminar.

Bjarne Martinsen, New CFO of Andfjord Salmon™

Andfjord Salmon™ has appointed Bjarne Martinsen (40) as Chief Financial Officer. - The company's sustainable profile is incredibly exciting, says Martinsen.

Andfjord Salmon™: Helge Krøgenes becomes Chief Commercial Officer

Helge Krøgenes, co-founder of Andfjord Salmon™, who has been Head of both Finance and Business Developments, will be the new Chief Commercial Officer.

Andfjord Salmon's Speech at Salmon on Land Conference

Chairman of the Board, Roy Bernt Pettersen, presenting Andfjord Salmon ™ at the Salmon on Land Conference. Watch the entire presentation here.

Andfjord Salmon AS: First half 2020 interim report

Andfjord Salmon is on track to finalise construction of first 1,000 tonnes maximum allowed biomass land-based capacity pool during the second half of 2020.

Andfjord Salmon AS Start of Production

Andfjord Salmon AS has decided to release the smolt in the first pool during spring 2021. This will ensure significant growth conditions for the smolt.

The Zoning Process for Phase 3 Is Moving Forward

The zoning processes for the localities Fiskenes and Breivik are moving forward rapidly, and a zoning decision is expected at the beginning of January 2021.

Meet Our New Team at Andfjord

Andfjord Salmon AS has hired a team of operations technicians with hands-on experience from the salmon farming industry.

Andfjord Salmon rang the bell at Merkur Market

Andfjord Salmon has today become the first company to ring the bell at the start of trading since the beginning of the pandemic.

Minister of Fisheries visited Andfjord Salmon

"This is absolutely fantastic and would be science fiction a few years back", the Minister said, during the visit.

Andfjord Salmon AS: Private placement successfully completed

The Company is pleased to announce that the Private Placement has been successfully completed, raising NOK 150 million.

Contemplated private placement and listing on Merkur Market

Andfjord Salmon AS has engaged ABG Sundal Collier ASA as sole manager and bookrunner to advise on and effect a contemplated private placement.

Martin Rasmussen: “Andfjord is completely unique. I can't wait to get started».

The new CEO of Andfjord Salmon is starting up today, April 1st. Despite his young age, he has an extensive top management experience in the industry.

Construction of Andfjord Salmon is according to plan

The construction of the pool and Andfjord Salmon AS’ facility in Kvalnes is going fast forward and according to plan.

"I have to pinch my arm when I see the fish farm rise"

The composite pool are soon to be shipped from Arendal to Kvalnes. The construction of Andfjord Salmon has reached another milestone.

Andfjord Salmon is committed to the UN's sustainability goals

Andfjord Salmon has implemented the UN's sustainability goals in the company's business strategy. The work on these goals should be reported regularly.

ABB provides a total solution for Andfjord Salmon

Andfjord Salmon has signed a contract with ABB, to provide a total solution of automation, instrumentation, telecommunications and power distribution.

Signed contract for biomass recycling

Andfjord Salmon AS has entered into an agreement with Fjell Technology Group on the supply of recycling technology. All biomass will be recycled.

Status: The Andfjord Salmon fry is now 40-50 grams

Construction of Andfjord Salmon's first pool is going according to plan. We have been inspecting the fry, that will be released in the pool next summer.

Christine Thomassen becomes Director of Fish Health at Andfjord Salmon AS

Andfjord Salmon AS has hired one of the country's most experienced salmon fish health experts, in a newly created position as Director of Fish Health.

Andfjord Salmon has been awarded NOK 14 million in a grant from Innovation Norway

"This is verification that we are creating innovation and sustainable innovation in the industry", says Helge Krøgenes, director of finance at Andfjord Salmon.

Martin Rasmussen new chief executive of Andfjord Salmon

Andfjord Salmon has appointed Martin Rasmussen as their new CEO. The 34-year-old comes from the position as CEO of Primex Norway AS.

Andfjord Salmon has placed order for innovative pump system from Framo

Andfjord Salmon and Framo have together developed a customised pump system for Andfjord's innovative flow-through facility for land-based salmon farming.

NRK: "Builds what can be Norway's most sustainable facility»

The Norwegian public broadcaster NRK last week interviewed Roy Bernt Pettersen and looked at our facility at Kvalnes, which is under construction.

Construction of the Andfjord-facility has started

June 20th became an anniversary for Andfjord Salmon AS. The construction equipment was in place and made the first "shovels" at Kvalnes..

The salmon will swim in the facility in 12 months

We are well on track to set plans and as early as 2021 the first Andfjord salmon can be served at restaurants, says chairman and founder Roy Bernt Pettersen.

Andfjord granted a license to farm 10,000 tonnes of salmon.

Andfjord Salmon AS has today received the official aquaculture permit document for land-based food fish farming of salmon, trout and rainbow trout.

Fully subscribed share issue for Andfjord Salmon

Andfjord Salmon AS and Pareto Securities completed a fully subscribed share issue of NOK 150 million within two days.