Leroy Seafood building RAS facility in western Norway
Fish farm and fishing company Leroy Seafood is looking to enter the land-based aquaculture sector with a recirculating aquaculture system (RAS) in western Norway.
In its 2020 fourth quarter report, the company announced its planned RAS project in Kjærelva, Fitjar. The first module will deliver six million smolt of 160 grams. The second and third module will deliver 500-gram to 1200-gram smolts.
“The third module may also be used from growing fish to full harvest weights,” the report said.
Total capital expenditure for the three modules is estimated at NOK1 billion (US$117.9 million).
The report said construction may be finalized in 2023.
The company also reported profits fell from US$91.1 million in Q4 2019 to US$65.3 million in the final quarter of 2020.
“The global pandemic COVID-19 has a negative effect on demand and has resulted in lower prices for both redfish and whitefish,” the report said. “Weaker price achievement is the most important reason for lower earnings in the fourth quarter of 2020 compared with the same quarter last year.”