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Grieg hedges bets with landmark foray into land-based salmon production

The Fish Site
by The Fish Site
20 January 2021, at 2:01pm

Grieg Seafood has become the first mainstream salmon producer to invest in an RAS site that will grow salmon to market size on land.

Greig Seafood own a third of the new land-based salmon producer Årdal Aqua
Greig Seafood own a third of the new land-based salmon producer Årdal Aqua

The joint venture, called Årdal Aqua, will produce 3,000 tonnes of post-smolt for restocking at conventional marine sites as well as up to 2,000 tonnes of market-sized salmon.

“We are working hard to improve biology and fish welfare, and to reduce our impact. For a long time, we have invested in post-smolt, where we keep the fish longer on land before we release it into the sea, as an important part of the solution. With Årdal Aqua we will be able to develop this farming method further. We aim for all of our fish in Rogaland to spend less than one year in the sea,” said Andreas Kvame, CEO of Grieg Seafood and chair of Årdal Aqua in a press release.

The project is currently in the design development phase, and the company aims to start construction during the autumn of 2021.

“Through our post-smolt investments we acquire competence on how to produce larger fish on land. Based on this knowledge, Årdal Aqua will also grow fish all the way to harvest size. We will take a step-by-step approach, as we know how complex biology is,” Kvame continues.

Kvame is convinced that different farming technologies and methods will complement each other in the future.

“With continuous improvements that reduce the impact from our sea farms, something we work a lot on, farming in the seas will still be the main component of the industry going forward. Land-based farming is, however, a great supplement, and we look forward to taking part in the development of this technology. What we know for sure is that the world will need a lot more healthy and nutritious food with the lowest possible impact,” he says.

Årdal Aqua is owned one third by Grieg Seafood, one third by the smolt and post-smolt company Vest Havbruk and one third by the Stavanger-based investor group Omfar.