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Gigante Salmon kicks off trial harvest, targets 550 tonnes HOG
May 8, 2025 By RAStech staff
Gigante Salmon AS has initiated harvesting from the trial production at its land-based aquaculture facility in Rødøy, Norway.
The company expects to produce approximately 550 tonnes of head-on-gutted (HOG) salmon from the initial harvest.
In its first quarter report, it stated that the facility construction is in the final phase, with two out of three production basins completed. It says it’s on track for the planned ramp-up to full annual capacity of approximately 16,000 tonnes HOG by 2028.
The company’s facility comprises three production basins, of which one is in operation and another is ready for production start.
“Completing another production basin is a milestone, but even more gratifying is the fact that we have now delivered the first salmon grown in our facility,” said CEO Kjell Lorentsen.
Gigante Salmon plans to release 2.2 million smolts during the third quarter. It also highlighted achieving a certification per the GlobalG.A.P. standard and a standing biomass of 1,070 tonnes after the end of the first quarter, with fish showing positive development.
In the previous quarterly report, the company reported that the project’s progress was slowed down by inclement weather. Delays normally result in increased costs, and the company continuously monitors cost development. To manage the liquidity risk in the final phase, a shareholder loan of up to NOK 50 million (US$ 4.8 million) will be established.
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