Boreal Salmon Inc. is planning a CAD 60 million (USD 48.4 million, EUR 40.8 million) land-based flowthrough salmon farm in Yarmouth, Nova Scotia, Canada.
The farm, Saltwire reports, will produce up to 5,500 metric tons (MT) of Atlantic salmon and/or sea trout annually. The project’s financing will come primarily from Chilean investors, with Canadian investors “invited to participate,” according to the paper.
The company has submitted an application to the municipality, as the planned flowthrough design will require a zoning amendment. The municipality’s current zoning only allows “closed-containment” aquaculture operations.
According to the company’s application, if proper approvals are granted, the company “contemplates to begin the construction phase within the 3Q2021 and stock the first salmonids in the 3Q 2022.” When fully operational, the facility will farm either Atlantic salmon or sea trout, or a combination of the two, with stockings four times each year.
Feed for the facility will be sourced from “Canadian producers,” with a feed storage facility built on-site, according to the company’s application. The marketable fish will be harvested alive and transported to existing processing plants in Nova Scotia. The company adds that it will “evaluate alternatives to have a processing plant built on-site, subject to the approval process and its economic viability at the time.”
The project will be built in two stages, with the first stage capable of producing 2,000 MT a year, and the second stage bumping the facility’s production capacity up to the expected 5,500 MT.
The facility plans indicate that the company will solely use seawater, and the company “does not contemplate the use of fresh water in any production.” Sea water will be pumped from the nearby coastline to the facility.
The company will first present its plans to the public at a meeting on 20 July, when the Yarmouth Planning Advisory Committee will consider the zoning amendments required for the project to move forward.
Photo courtesy of the Yarmouth Planning Advisory Committee
