A letter of intent has been signed between feed producer BioMar and Lighthouse Finance-owned Quality Salmon Sotenäs AB, which will see the former provide feed solutions for Quality Salmon’s new land-based Atlantic salmon farm once production commences in 2022.
With a projected production capacity of 100,000 metric tons (MT), the recirculating aquaculture system (RAS) facility in Sotenäs, Sweden, is expected to be among the largest in Europe, and will provide up to 2,000 new jobs.
The farm is being constructed with technology supplied by Israeli RAS company AquaMaof.
“Investing SEK 17 billion to SEK 20 billion (USD 2 billion to USD 2.4 billion, EUR 1.7 to EUR 2 billion) in the industrial park and aiming for a future production of 100,000 tons salmon per year demonstrates our level of ambition pretty clearly,” Lighthouse Finance A/S CEO Roy Høiås said. “We want to do more than just framing the producing of salmon. That is why we have chosen to partner with BioMar, as we share a mutual vision that sustainability and innovation are the key drivers for success.”
BioMar Vice-President Ole Christensen, who heads the Europe, Middle East and Africa region and the RAS segment, said his company is excited to partner with Quality Salmon Sotenäs.
“We have a strong focus on finding innovative and sustainable feed solutions and being a part of a project that has a focus on circular economy and adoption of new raw materials, makes it a good match with the way we do our business,” Christensen said. “We believe projects like Quality Salmon Sotenäs will be significant for meeting the demand for food in the future and look forward to cooperating with the companies behind the Quality Salmon Sotenäs project in Sweden as well as for similar projects in other places around the globe.”
Photo courtesy of BioMar
