RAS space attracts another player

Liza Mayer
April 02, 2019
By Liza Mayer
The potential rewards (see infographic) of land-based aquaculture have attracted another player. An ambitious startup firm, Salmon Evolution AS, is planning to build “Europe’s largest land-based salmon.”

Based in Harøysund, Norway, the company prides itself for its “heavyweight expertise.” The managing director is a former regional manager at SalMar and Marine Harvest, Ingjarl Skarvoy, and the rest of its owners and founders “have several decades of experience from successful fishing and aquaculture companies,” it said.

The project is designed to have an annual production capacity of 28,800 metric tons, and a maximum standing biomass of 13,300 tonnes.  The $377-million project is targeted for completion by 2023.

It raised $5.8 million (NOK 50 million) through a private placement in January, which it said it will use to fund the design the first construction phase.

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