Dutch feed manufacturer Nutreco has completed its further investment in Nordic Aqua Partners (NAP), which is building a Recirculating Aquaculture System (RAS) facility for salmon farming in China.
Earlier in November, Nordic Aqua Partners announced successfully completing a private placement of new shares with gross proceeds of approximately €55.1 million. The farm, which will be built in Ningbo, Zhejiang province, will be China’s first fully integrated and commercially viable RAS facility.
Norwegian equipment supplier AKVA Group will supply the RAS technology used in the production facility. The total production capability will be around 8,000 metric tonnes of Atlantic salmon by 2026, with plans to grow further as new markets and customer segments are developed.
Nutreco CEO Rob Koremans said: “As a global population, we have reached or exceeded sustainable limits of fishing of many species for human consumption and other uses. Aquaculture in RAS provides an additional sustainable and safe way to increase the amount of fish available. For Nutreco, supporting RAS directly supports our mission of Feeding the Future in a way that is better for the planet.
“I’m delighted that we’ll be working together with NAP in China. From the facility in Ningbo we will be able to bring fresh, high-quality, Atlantic salmon to millions of Chinese consumers within hours of harvest, reducing the shipping impact on the environment.”
Construction of the facility in Ningbo is expected to start at the beginning of 2021.