The company has outpaced the growth of other land-based salmon producers, suggesting that its hybrid system might be more promising than conventional RAS © Salmon Evolution
The company, which operates a unique, land-based hybrid flow-through farm in Norway, stated in its Q3 report that it had good biomass buildup, a steady improvement in daily growth rates a strong feed conversion ratio and low mortalities.
It also recorded a 98 percent superior grade share, achieving an average price of NOK 72/kg., while the average gutted weight of its harvested fish was 3.3 kg, up 10 percent from the previous quarter.
“Biomass production is steadily improving at Indre Harøy, with a wide range of initiatives ongoing to take out the full growth potential,” stated CEO, Trond Håkon Schaug-Pettersen.
“The standing biomass is close to record levels [2,582 tonnes live weight] going into Q4, which together with a further increase in expected harvest weights, makes us well positioned to capitalise on the expected price rebound,” he added.
Salmon Evolution was founded in 2017 and aims to produce 100,000 tonnes of salmon per year - from multiple sites - by 2032. Toa chieve its 5,000 tonne target for the year it will need to harvest 1,800 tonnes in Q4, by which time they expect the current dip in prices will have improved.
