Favourable outlook for the salmon farming industry
- Growth outlook underpinned my megatrends – population growth, increased fish consumption and trade globalisation – driving demands for animal protein and fresh food
- Limited supply growth from sea-based farming expected to create continued supply/demand imbalance, which land-based framing can equalise
Creating the world’s most fish friendly and sustainable salmon farmer
- Patented flow-through technology solution: 70-80% lower energy cost compared to RAS system, ref SINTEF
- Pools below sea level, without need to lift, add oxygen or manipulate the temperature of water, thereby reducing energy costs significantly
- Optimal ocean temperatures year-round, which results in better growth and healthier fish
- No sea lice, algae or escapes
- Laminar water flow creates fresh supply of ocean water
- Innovative cleaning system avoids polluting marine life
- Reduced fish waste, which will subsequently be used as a profitable resource
Location with unique access to pristine, fresh seawater
- Located at the salmon’s natural habitat, Andøya
- Access to fresh seawater from the Gulf Stream year-round
- Stable water temperature gives reduced farming time, which in turns allows for higher utilisation of production capacity and reduces costs
- Seawater unaffected by other salmon farms which reduces risk of infections
Low capex and opex
- By combining natural advantages with simplicity in terms of technology, biological risk is reduced and expensive and complicated equipment not required
- Opex of NOK 34 per kilogram salmon produced
- Capex of NOK 60 kroner per kilogram of salmon at 10,000 tonnes MAB
Positioned to achieve premium pricing, through:
- High quality feed
- Sustainable farming
- Consumers’ willingness to pay a premium for sustainably grown, health-beneficial products
Strong expansion potential
- License for 10,000 tonnes MAB
- Potential for up to 70,000 tonnes MAB through secured rights to adjacent land areas