Norwegian land-based salmon producer Arctic Seafarm has announced plans to build a farming facility in Nesna, Helgeland, in collaboration with Kvarøy Fiskeoppdrett and its new majority owner, private equity firm EMK Capital.
The facility, which will be constructed near Langsetvågen, will operate under a 15,000-tonne maximum allowable biomass (MTB) license, with production capacity projected to reach up to 25,000 tonnes of salmon once fully operational.
The first phase of the project, set to produce 10,000 tonnes of salmon (8,000 tonnes gutted), will involve an initial investment of NOK 2.7 billion ($250 million) and is expected to employ around 40 people. Upon full completion, the facility will employ 100 people in Nesna, a significant boost to local employment.
The facility will utilize a hybrid recirculation system, which combines solar energy, hydropower, and recycled energy from its production processes, aligning with Arctic Seafarm’s goal of promoting sustainable aquaculture. The first smolt is expected to be introduced in 2026, with the facility slated to be fully operational by 2027.
Arctic Seafarm’s CEO, Magnus Kibsgaard, emphasized the strategic nature of the partnership with Kvarøy Fiskeoppdrett. Kibsgaard stated that the collaboration will initially focus on delivering 8,000 tonnes of salmon to the global market annually. He also highlighted the contributions of local partners Eyvi, Totalbetong, and Johs. J. Sylteren, who have been instrumental in the detailed planning and execution of the project.
Eyvi and Totalbetong are responsible for delivering the hybrid recirculation system, which pumps seawater into the facility for filtration and disinfection before use. The system has been designed to prioritize fish welfare and operational energy efficiency, while also promoting a safe working environment. Groundwork for the facility, led by Johs. J. Sylteren, is already underway.
The financial foundation of the project was solidified with the recent majority acquisition by EMK Capital, a private equity firm known for its investments in mid-sized European and international companies. Kibsgaard expressed confidence that EMK Capital will bring professionalism and expertise to Arctic Seafarm, positioning the company for long-term success.
The project has received strong support from local authorities, with Nesna’s mayor and administration backing the initiative, which is seen as vital for regional economic development.
