Salmon Evolution is starting a process to expand its farming operations in the US, whilst striving to increase its production capacity to 100,000 tonnes by 2032.
As a result, the company is evaluating potential production sites in the US, using the remainder of this year for site selection and site verifications. Pre-construction involving regulatory approval processes is expected to take two to three years, meaning construction will happen around 2025.
Current plans are to build a 31,000 tonnes facility in Indre Harøy, which it recently released its first smolts from and collaborated with green power supplier Statkraft on the project. News of that can be found HERE and HERE.
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| Image credit: Salmon Evolution |
To allow for this expansion, Salmon Evolution has established a dedicated team of in-house and external resources, as well as establishing US corporate structure.
"Although starting in Norway, Salmon Evolution has always had global ambitions. With the addition of North America into our portfolio, we will have an operating platform on all the three major salmon consuming continents," says Håkon André Berg, CEO of Salmon Evolution.
"Over the coming 12 months we expect to demonstrate the operational viability of our concept, solidifying Salmon Evolution's global leadership position within the land-based salmon farming industry. Given the long lead times for this industry, we see it as critical for our long-term value creation to build and develop a tangible pipeline of high-quality projects," he adds.
For more information on Salmon Evolution visit their website, HERE.
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