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tonnes HOG of annual production, bringing the total planned production volume up
to 15,800 tonnes HOG per annum.
“We have now been producing salmon for almost 15 months at Indre Harøy and are
already on our 6[th] generation. Throughout this period we have seen very strong
biological performance, and although we have also had challenges, we have
demonstrated that we are capable of effectively handling demanding situations,”
Salmon Evolution CEO Trond Håkon Schaug-Pettersen said.
“We firmly believe that our highly scalable concept will play an important role
in future aquaculture, delivering high quality salmon at conventional industry
cost levels,” he said.
The project will be split into two parts, with HENT taking responsibility for
civil design and construction, and Artec Aqua for design, construction and
commissioning of the process facility.
HENT is one of Norway’s largest general contractors, with over 40 years of
experience in delivering large and complex construction projects to private and
public stakeholders in the Nordics. Artec Aqua is a leading supplier for land
-based aquaculture and was turnkey supplier for Indre Harøy phase 1.
“We are confident that this structure will deliver the best of both worlds,
having contracted leading experts for both the civil construction and the
process facility which we expect will ensure delivery on quality, time and
cost,” Trond Håkon Schaug-Pettersen said.
Salmon Evolution has already started with the initial groundwork which will
continue over the coming months alongside project design. The project cost is
currently estimated at NOK 1.6 - 1.7 billion. As communicated earlier, Salmon
Evolution has secured debt and equity financing for the project. The project is
subject to final investment decision by Salmon Evolution upon completion of the
project design phase, expected towards the end of 2023.
“We are very satisfied with being back in production modus and are currently
seeing good appetite and normal mortality levels across the facility and very
much look forward to continue our growth plans while at the same time
incorporating the lessons learned in the next phase,” Trond Håkon Schaug
-Pettersen said.
For further information, contact:
Trond Håkon Schaug-Pettersen ,CEO
thsp@salmone.no
+47 911 91 327
Trond Vadset Veibust, CFO
tvv@salmone.no
+47 480 90 595
About Salmon Evolution:
Salmon Evolution is a Norwegian land-based salmon farming company targeting a
production capacity of 100,000 tonnes HOG by 2032. The Company’s core focus is
on extending the ocean’s potential by transferring the best preconditions
offered by the sea to farm fish on land through its chosen hybrid flow-through
system technology (HFS). This secures a truly sustainable production process
with controlled and optimal growth conditions and limiting operational and
biological risk.
The Company’s first production facility is strategically located at Indre Harøy
on the Norwegian west coast with unlimited access to fresh seawater, renewable
energy, established infrastructure, and an educated and experienced work force.
Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes
HOG at steady state. Fully developed, the Indre Harøy facility will have an
annual capacity of 31,500 tonnes HOG.
The Company has also entered into a joint venture with Dongwon Industries where
the parties will develop, construct and operate a land-based salmon farming
facility in South Korea with an annual production capacity of 16,800 tonnes HOG,
using Salmon Evolution’s chosen HFS technology.
Furthermore, Salmon Evolution has initiated a process with the aim of
establishing a land-based salmon farming operation in North America.
Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.
To learn more, please visit www.salmonevolution.no
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