Salfjord secures USD 9 million deal to begin construction on its flowthrough land-based salmon farm

"We set up the company in 2018 and have been through six years of planning and preparation to get this far."
Renderings of Salfjord's planned salmon farm in Aure, Norway
Renderings of Salfjord's planned salmon farm in Aure, Norway | Image courtesy of Salfjord
6 Min

Aure, Norway-based aquaculture company Salfjord has signed a NOK 100 million (USD 9 million, EUR 8.6 million) deal for initial construction on its first land-based Atlantic salmon farm, which will be located in the Tjeldbergodden Industrial Park in Aure.

Salfjord’s initial plans for the farm include a modular grow-out operation, with the exact number and design of its tanks remaining a work in progress. The company has a permit to grow a maximum allowable biomass (MAB) of 21,000 metric tons (MT), which would give the firm an annual output of at least 36,500 MT of head-on gutted (HOG) salmon. The permit also allows for production of up to 30 million smolts per year.

“We are aiming to start the first construction phase in mid-2026 and to introduce smolts in December 2027 if all goes to plan,” Salfjord Co-Founder and CEO Hans Ramsvik told SeafoodSource. “We set up the company in 2018 and have been through six years of planning and preparation to get this far. We are now focusing on raising capital to secure the rest of the NOK 160 million [USD 14.6 million, EUR 13.8 million] that will enable us to strengthen our organization, prepare infrastructure, bring in a power supply, finish the groundworks and engineering, and become ready to start farm construction. The aim is to identify and assess a core investor base in order to secure a future ownership setup that supports the long-term strategy of developing a prosperous salmon company.”

Ramsvik said the company’s plan has evolved slightly since its conception in 2018 …


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