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post-smolt
Pure Salmon, Ecofisk AS to develop 7,000 MT post-smolt facility in Norway
September 3, 2024 By RAStech staff
An image of the site. (Photo: Ecofisk) 8F Asset Management and Pure Salmon Technology are collaborating with Ecofisk AS, a land-based salmon farm, to develop a 7,000-tonne post-smolt facility in Espevik, Rogaland, in Norway.
The project is set on Ecofisk land, a 289,000-square-meter site secured in 2019 to produce 40,000 tonnes of salmon annually. The company stated in a press release that it plans to cultivate up to 20 million post-smolts, each weighing up to 1,000 grams.
“This initiative is crucial for accelerating the development of post-smolt capacity in Norway,” said Stephane Farouze, chairman at 8F Asset Management. “By combining our financial expertise with Pure Salmon Technology’s development capabilities, we are creating a model that enhances production efficiency and sustainability. This facility will support the increasing demand for larger smolts and improve fish welfare by reducing the sea phase and associated treatments.”
Pure Salmon Technology will design the facility, while 8F Asset Management will provide essential financial structuring. They will offer the facility through an innovative business model that includes a flexible leasing option or shared ownership. Construction is set to commence immediately, with the first fish anticipated by 2027/2028.
“We have observed an increasing demand for larger post-smolt, up to 1 kg. By enlarging the smolts before release, we can shorten the sea phase, which leads to better utilization of concessions. We will not operate the facility but will serve as project developers. This enhances our role as a strong partner in the Norwegian aquaculture industry,” said Michael Mortensen, chief business development officer at Pure Salmon Technology.
“We are thrilled to be onboarding Pure Salmon Technology and 8F Asset Management to our Ecofisk project at Espevik, Rogaland. Our new partners add capacities such as cutting-edge RAS technology, strong project execution track-record and financial muscles, thus combined represents a perfect strategic fit to Ecofisk unique concession, prime location and business plan,” said Lars Erik Baustad, chairman at Ecofisk.
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