Pure Salmon has announced plans for a number of new recirculating aquaculture system (RAS) salmon facilities around the world.
The company now has the capital required for phase one of its global rollout covering projects in Poland, Japan, France and the US, thanks to the completion of fund raising from 8F Asset Management, closing its first aquaculture private equity fund at US$358.8m. The project also attracted substantial investments from the aquaculture industry including AquaMaof, Pure Salmon’s RAS technology partner.
Stephane Farouze, board director of Pure Salmon and chairman and founder of 8F Asset Management, said, “With this highly successful asset raise we have reached a critical milestone in the development of Pure Salmon and have truly begun our journey towards 260,000 tonnes per annum production of sustainable salmon.”
Completion of works is expected by late 2021 with the first harvest planned for 2023. Pure Salmon’s project in Boulogne-sur-Mer, France, is moving quickly with the company contracting three local specialists to execute geotechnical studies, hydrogeological studies and permit application assistance. For the 20,000 tonnes facility in the US, Pure Salmon has completed the site surveys and geotechnical studies.
Pure Salmon continues to develop its other projects including those announced in China, Africa and South East Asia, which all contribute towards the global target of 260,000 tons of sustainable salmon production in local markets for local consumers.
