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Investor 2018-05-16T07:23:59+00:00

Extending the Ocean Potential

Optimum growth and safe operation form a solid foundation for sustainable production, a high level of fish welfare, a minimum environmental footprint and good economics.

All our owners and founders have several decades of experience from successful fishing and aquaculture companies, including Vikenco, Vikomar, Marine Harvest and Salmar. They have the knowledge and experience needed to make the right choice of technology and operating model.

We are looking for long-term partners and investors who can contribute to developing our business model and a sustainable paradigm shift in salmon farming.

A profitable and efficient value chain

A comparison of the production cycle in the sea and on land for 28 000 tonnes of salmon per annum.

Licences: To produce 28 000 tonnes of salmon per annum with traditional cage farming in the sea requires a maximum allowed biomass (MAB = 780 tonnes per licence) corresponding to 22 licences. 17 licences are sufficient for a corresponding volume on land.

Survival rate: Controlling the production environment ensures an expected survival rate of about 95 per cent, while traditional cage farming in the sea has an average rate of just under 80 per cent over the last four generations.

Smolt: A total of 5.7 million smolts are required to produce 28 000 tonnes of salmon per annum with traditional cage farming in the sea. On land, 5.1 million are sufficient to achieve that volume. The proportion of survivors is taken into account in this comparison.
Feed conversion rate: Producing 28 000 tonnes of salmon per annum with traditional cage farming in the sea involves an average feed factor of 1.2. This is reduced to 1.1 for a corresponding volume on land.

Time to harvest: Control of the production environment and optimum temperature will reduce time to harvest to about 12 months on land, while traditional cage farming in the sea requires at least 16 months.

Investor

20% fewer work-years

Work-years needed to run 17 licences on land are 20 per cent lower than for the same number in the sea. This is mainly because operation is safer and more predictable, with all production concentrated in one location. That helps to ensure profitable and efficient operation.

30% increase in licence utilisation

Production on land makes 30 per cent better use of a licence than traditional cage farming in the sea. The main reasons are greater production efficiency, control of the environment and low mortality. Efficiency on land helps to cut investment.

30% greater production efficiency

Control of the production environment, the quality parameters of the water, and the correct and stable temperature, cuts time to maturity by 30 per cent, from 16 months in the sea to 12 months on land. That provides a good return over time.

Efficient use of space

More than 10 times as much space is needed at sea to produce the same amount of biomass as on land. This comparison only covers surface area, and takes no account of space required under water for moorings and so forth. Land-based fish farming contributes to big environmental savings and utilises significantly less of nature’s space.

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Extending The Ocean Potential

We will be a lighthouse for sustainable development of quality seafood.

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