Mowi Scotland has appealed a recent refusal of its proposal to expand its Loch Hourn farm in Scotland, citing a lack of fact-based reasons to refuse the expansion.
Mowi’s proposal called for an increase in the production capacity of the farm from a limitation of 2,500 metric tons (MT) of production to 2,750 MT – a 10 percent increase in salmon production that the company would farm in fewer, larger pens.
The Loch Hourn salmon… Read More
Nesle, France-based insect meal producer Innovafeed has raised USD 250 million (EUR 256.1 million) in Series D funding with the round led by Qatar Investment Authority (QIA), existing investors Creadev and Temasek, and new investors ADM and Cargill – both of whom have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement, and Grow Forward.
This latest round of… Read More
Having recently secured Aquaculture Stewardship Council (ASC) accreditation for its operations on the west coast of Scotland, Scottish Sea Farms has now secured the first certification for a salmon farm in Orkney.
The Lober Rock site, at the southeast corner of Scapa Flow, underwent a series of audits to meet the criteria for ASC certification. The farm, which became operational three years ago, has had a very strong start, with 91 percent… Read More
A fourth round of funding from the GBP 100 million (USD 113.4 million, EUR 114.2 million) UK Seafood Innovation Fund (SIF) has opened, with the government project providing GBP 3 million (USD 3.4 million, EUR 3.4 million) of funding for new solutions that help address challenges across the sector.
The new funds take the total funding made available under the scheme to-date to GBP 19 million (USD 21.5 million, EUR 21.7 million), with… Read More
By 2030, Lerøy Seafood Group (LSG) wants to achieve annual revenue of NOK 50 billion (USD 4.8 billion, EUR 4.9 billion), the Norwegian fish farming and fishing company advised ahead of the opening of its Capital Markets Day.
In a filing with the Oslo Stock Exchange on 22 September, 2022, LSG stated that over the past 20 years, it has developed a fully integrated value chain for seafood, with an average revenue growth of 12 percent per… Read More
As part of its drive to increase public awareness and understanding of the salmon-farming sector, Scottish Sea Farms has welcomed a record number of visitors to its locations this year.
Between January and September 2022, the company hosted 270 visitors across the farming estate, including the freshwater hatchery in Barcaldine, marine farms, and processing facilities.
The producer said that in many instances, individuals and organizations… Read More
U.K.-based grocery chain Tesco has published the results of its first independent bycatch audit, which found significant risks in a number of its key source fisheries.
Consisting of a review and risk assessment, the audit was completed by marine conservation organization Sustainable Fisheries Partnership (SFP) in partnership with Whale and Dolphin Conservation and the Royal Society for the Protection of Birds.
The audit examined threats to… Read More
Kverva, Norway-based aquaculture company Icelandic Salmon AS, which owns producer Arnarlax and other subsidiaries, and part of the SalMar group, reported operating revenues of almost EUR 72.1 million (USD 71.3 million) for the first half of 2022, a 103.5 percent year-over-year increase.
The company said increased market prices for salmon in the period contributed to its solid H1 2022 results, alongside steady cost control and efficient… Read More
Despite some strong headwinds, bumper salmon sales together with high prices led Norway to its best-ever month for seafood export earnings in August 2022.
The Scandinavian country sold NOK 12.5 billion (USD 1.24 billion, EUR 1.25 billion) worth of fisheries and aquaculture products to overseas markets in August, with the new record total up 30 percent, or NOK 2.9 billion (USD 289.1 million, EUR 289.2 million) compared to August 2021.
So far… Read More
The Constitutional Reserve Fund of Monaco has allocated EUR 10 million (USD 9.8 million) to the Ocean 14 Capital EUR 150 million (USD 148 million) “blue economy” impact fund to back innovators and solutions working to improve ocean health.
Ocean 14 said that with this backing, its fund is on track to invest in eight companies this year, and to grow its portfolio to between 20 and 25 businesses within three years. So far this… Read More