RAS startup plans land-based salmon farm in Michigan
May 25, 2023 By Nestor Arellano
Land-based aquaculture newcomer, Atlantis Fish Co., intends to build a US$178 million recirculating aquaculture system (RAS) facility for raising salmon in a county adjacent to Lake Michigan.
In a meeting on May 23 with the Michigan Strategic Fund Board (MSFB), Atlantis Fish Co. said it plans to raise 10,000 salmon per week on 90 acres of property at wastewater site in Muskegon County that the company intends to purchase.
The MFSB gave the North Carolina-based company its initial approval with the issuance of $100 million in Private Activity Bond Inducement for Sewage and Solid Waste for the project, according to a report from the Michigan media outlet, MLive.com.
Private activity bonds are issued by or on behalf of a local or state government. The bond provides financial benefits to qualified projects.
It took the Atlantis Fish Co. three years to locate and decide on a location in West Michigan to build its RAS facility. The company intends to build a two buildings totalling 100,000 sq. ft. in the former wastewater site in Muskegon County.
Construction is expected to begin in October 2023. Atlantis Fish Co. plans to have its first fish harvest in the fourth quarter of 2026.
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