All time high number of contracts signed for Billund Aquaculture this quarter

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RAS company Billund Aquaculture announced that 12 deals had been closed across the globe. “Despite the difficult times the world is going through, we feel positive and confident about our success moving forward to resume our plans for continued growth”.

In a press release on Wednesday, Denmark’s Billund Aquaculture writes that in Q1, the RAS systems designer and builder added 12 more locations to their list of projects.

Multi-million deals
Included in this was construction contracts in Chile for Atlantic salmon parr, smolt and post-smolt facilities for a total of EUR 28 million, one trout facility in Peru, three salmon smolt and post-smolt facilities in Norway for a total of EUR 50 million. Included in this was one kingfish facility in Central Europe, and three design contracts for Atlantic salmon grow-out in Asia and the Middle East.

Billund Aquaculture headquarters. Photo: Katrina Poulsen

Difficult times
Steffen Busk Jespersen, Group CEO of Billund Aquaculture said despite the coronavirus the company was growing and that “considering our vast experience and leadership in the market, we are very proud and happy about the trust our customers have placed in us. The fact that so many companies have chosen us as their technological partners is very gratifying, especially since most of the projects are linked to recurring market-leading customers.

“Despite the difficult times the world is going through, we feel positive and confident about our success moving forward to resume our plans for continued growth. The current challenges caused by the restrictions in place to reduce the spread of the coronavirus are obviously affecting Billund Aquaculture. But, so far we have not seen any contract cancellations or postponement of contract negotiations, but we anticipate these challenges will have an effect on the speed of growth”.

Bjarne Hald Olsen, COO and Business and Development Manager. Photo: Katrina Poulsen

He also added that “we are building on our successful business model and technologies. The result of our massive innovation effort will be implemented in these new plants, creating more value for our customers in the continued drive to develop the New Aquaculture; a more sustainable and efficient aquaculture”.

Future challenges
Bjarne Hald Olsen, COO and Business and Development Manager of Billund Aquaculture, concluded that “this milestone is further proof of our experience within RAS, with over 500 RAS built across more than 140 projects worldwide, leaving us in a great position to handle any future challenges to come. The main advantages of Billund Aquaculture RAS systems are its minimum water requirements, better health and biosecurity conditions, control over farming parameters and the stability and predictability of production, all of which leads to a more reliable and efficient process that significantly reduces environmental impact”.