Local banks support Swiss Blue Salmon’s Glarus-region plans.
Land-based salmon farmer Swiss Blue Salmon is preparing to submit a construction application for its planned salmon farm in Mollis, Glarus North, marking a significant milestone for what will be Switzerland’s largest fish production facility.
The company has completed the preliminary work and plans to submit the building application in autumn 2024, pending the approval of a new land use plan by the Canton of Glarus.
The salmon farm represents an investment of approximately CHF 170 million ($190 million) and will create 50 jobs.
Located on a 25,000 square meter plot near Lake Walen, the facility will utilize advanced recirculation aquaculture systems (RAS) to ensure sustainable fish production. The project is expected to achieve a 7% share of the domestic market for edible fish, contributing significantly to food security and climate-friendly food supply in Switzerland.
Swiss Blue Salmon has emphasized its commitment to sustainability in both the construction and operation of the farm. The facility will be powered in part by 17,000 square meters of solar panels, generating approximately 2,500 MWh of electricity annually.
The company’s 100 percent fish strategy follows a circular economy approach, utilizing by-products from fish processing as raw materials for pet food and omega-3 supplements.
Following the involvement of Swiss companies ERNE and HOLINGER in October 2023, the Glarus Cantonal Bank (GLKB) has also endorsed Swiss Blue Salmon’s project. The “Glarner Kantonalbank Foundation for a strong Glarus Region” is providing start-up funding. Chairman Urs P. Gnos stated that the project has the potential to significantly boost innovation in the region, which is why the Board of Trustees decided to support it.
CEO Ruedi Ryf highlighted the benefits of the farm’s recirculation system, noting its advantages over traditional net cage production.
“Our 100 percent fish strategy follows the circular economy approach. As much of the fish as possible is used. The by-products from processing can be used as raw materials for sustainable Swiss dog and cat food or as a source of omega-3 for the production of nutritional supplements,” said Ruedi Ryf.
“We have completed the preliminary project and are working closely with the authorities for the upcoming building application. A three-dimensional model of the salmon farm is also part of the dossier.”
