and a solid team
We will achieve our vision of being a beacon for sustainable development by promoting a culture where sustainability and profitability reinforce each other.
Salmon Evolution AS was established in 2017 to pursue salmon farming on land. Our first production facility is currently under construction on Indre Harøy. Strategically located on the Norwegian west coast, the site offers access to an educated and experienced workforce, an established infrastructure for salmon farming, renewable energy and unlimited fresh seawater.
This facility is being developed in three phases, with phase 1 due to provide an annual capacity of 9 000 tonnes when completed in the fourth quarter of 2022.
The overall project is designed for a total annual capacity of 36 000 tonnes from its completion in 2028. It is based on a hybrid flow-through system (HFS) which ensures controlled and optimal growth conditions, and limits the risk of parasites and diseases.
Combined with a global expansion plan, we’re targeting an annual production capacity of about 70 000 tonnes in the medium- to long-term perspective.
Hybrid flow-through system
Our choice of technology is based on substantial supplies of fresh seawater. It ensures the best possible water quality for the fish while involving very limited operational and biological risk, and is cost-effective in terms of both investment and production.
Utilising the hybrid flow-through system (HFS) minimises the biological risk of farming salmon on land.
The facility we are installing will mean that about 35 per cent of water in the farm at any given time comprises clean and fresh seawater, while roughly 65 per cent can be reused.
This avoids complex challenges which can arise with higher reuse rates which require biofilters. It provides salmon in the farm with optimal conditions for growth, health and welfare.
Extending the ocean potential™
We are a Norwegian land-based salmon farming company with a vision to be a beacon for sustainable business. We’ll achieve that by promoting a culture where profitability and sustainability reinforce each other.
- State-of-the-art facility under construction for 36 000 annual tonnes (roundweight)
- Phase 1 of 9 000 annual tonnes (roundweight) to be completed in the fourth quarter of 2022
- Optimal risk/cost balance utilising hybrid flow-through technology
- Exclusive right to proven technology
- Strategic partnership with Dongwon Industries for expansion in South Korea
- Roadmap to +70 000 tonnes – several identified growth avenues
- Highly competent team backed by strong industrial owners
Oslo Børs listing July 2021
Download the approval and publication of prospectus and transfer of listing from Euronext Growth (Oslo) to Oslo Børs here.
Quarterly report – Q3 2021
Date: 16 Nov 2021