Norwegian land-based salmon farming company Proximar Seafood AS has through its subsidiary, Proximar Ltd, taken ownership of the entire fish farming facility in Oyama, Japan.
The handover marks the end of the company’s construction works of the first commercial Atlantic salmon farming facility built in Japan. This facility is located at the foot of Mount Fuji.
“Constructing the facility according to plan proves our significant progress in Japan. With the construction now behind us, we can switch all our focus over to operations and production, where we remain on track with our plan of first harvest in Q3 2024”, Proximar CEO Joachim Nielsen said. Proximar’s Japanese construction partner Daiwa House completed the construction works of the grow-out building in August. The handover follows the completion of inspections by relevant authorities, third-parties and Proximar.
“Daiwa House has been an important partner for Proximar since 2018, and we are very pleased with their performance. Daiwa House has completed the construction works according to schedule, with excellent quality,” Nielsen said.
In conjunction with the handover, Proximar Ltd has also completed the second and final drawdown of the JPY 8.8 billion blue-sustainability loan provided by Mizuho Bank, Shizuoka Bank and Development Bank of Japan.
In the coming months, installation of the remaining RAS-equipment will continue in the grow-out building, in close cooperation with technology supplier AquaMaof. This will enable the first transfer of fish from the hatchery and nursery building in Q4 2023.
“With this completion, we will also proceed to review further capacity expansion in Japan as previously communicated. Proximar sees a strong growth potential as a leading supplier of Atlantic salmon for the Asian market. We are also motivated by the support for such growth by our Japanese partners and banks,” Nielsen said.
The company inserted its first batch of eggs into the facility in October 2022.
