Billund, The Kingfish Company collaborate on RAS project
“Based on our long history of collaboration with Billund, and their willingness to support our unique design and performance requirements, we are confident of the efficient collaboration agreed upon, and the anticipated operational results of the next step in our scale-up plan,” said Ohad Maiman, founder and chief executive officer of The Kingfish Company.
Billund Aquaculture specializes in design and implementation, start up and services for RAS fish farms. Currently, the company is also involved in providing the RAS technology for a fish farm being built in the Skipavika Business Park in Norway. When finished, the facility will have the capacity to produce 33,000 tons of fish per year.
“Our proven technology will support the Kingfish team’s professional and committed effort to bring high quality sustainable fish to consumers,” said Steffen B. Jespersen, group chief executive officer of Billund Aquaculture. “We look forward to executing the contract.”
Work on The Kingfish Company facility will begin in early 2021.
The expansion is meant to build upon the proven design of the current operation, and will more than double current installed capacity, according to a press release from The Kingfish Company.
Before its rebranding in November last year, The Kingfish Company was known as Kingfish Zeeland. The company produces the only Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP) certified Kingfish Yellowtail.
The Kingfish Company is engaged in a global expansion strategy. Last month, its public placement in the Oslo Stock Exchange’s Merkur Market raised US$59.3 million. The Kingfish Company intends to use the money to finance its expansion strategy.