AKVA group Land Based has entered into an agreement with Nordic Aqua Ningbo to deliver a complete RAS facility just outside Shanghai. The project has a planned production volume of 8,000 tonnes in 2026. The contract is the largest in AKVA group's history.
Picture: Nordic Aqua Partners
In December 2019, it was announced that AKVA group was chosen as the technology supplier for the RAS facility to be built by Nordic Aqua Partners (NAP) in China. This is a large and strategically important contract for AKVA group, and the value of the contract is 550 million NOK.
«The contract is extremely important to us in our further investment in land-based food fish. This will be an important reference project that can give us new opportunities in the future. We are currently working on four other land-based projects so I look forward to the future of land-based salmon farming», says Knut Nesse, CEO of AKVA group.
The development of the complete RAS facility will be carried out in two phases, and the first phase will start in January 2021. The first phase will enable NAP to produce 4,000 tonnes of salmon annually. The salmon will be harvested at 4-5 kg and will supply the Chinese market with locally produced salmon.
«We have great faith in moving salmon production to where the consumer is. Air freight is saved, which gives a much lower CO2 footprint compared to producing in Norway and sending to Asia. We believe that our water-efficient RAS technology is extremely beneficial when it comes to investing closer to the consumer in Asia and the USA», says Nesse.