Land-based aquaculture company West Coast Salmon has filed for bankruptcy with the Oslo, Norway District Court.
West Coast Salmon declared its plans to build a large 50,000 metric ton (MT) recirculating aquaculture system (RAS) facility in the U.S. state of Nevada in 2020, aiming to use a three-phase development plan with an initial 12,600 MT of production. Based in Oslo, Norway, the company initially said Skretting would provide feed for the operations, and AquaMaof would be a major supplier of equipment.
The company later decided to switch its equipment provider to Canada-based PR Aqua, but never managed to make progress on the facility.
Now, according to Norway’s Brønnøysund Register Centre, the Oslo court has made a bankruptcy/liquidation order for West Coast salmon, and appointed Tom Hugo Ottesen as the official receiver of the company.
According to its annual account submitted to register center, West Coast Salmon lost NOK 51.25 million (USD 5 million, EUR 4.3 million) in 2024. The account said the board worked over 18 months to find solutions and also approached shareholders, but acknowledged that it has not “succeeded in building on the platform that was established” and acknowledged the land-based aquaculture market is “challenging.”
“As a consequence of this, the board has sought to dispose of the company’s interests in Nevada on the best possible terms in order to ensure an orderly liquidation of the company,” the company’s 2024 results said.
In June 2025 the board accepted the best bid for receivables and equity interests in Nevada, which amounted to USD 110,000 (EUR 93,800).
