Israeli RAS manufacturers score new contract with West Coast Salmon.
In a press release, AquaMaof writes that it will provide its RAS Technology to West Coast Salmon, a 15,000-tonnes Atlantic Salmon production facility in Reno, Nevada, Western United States.
West Coast Salmon has recently closed first stage equity financing with anchor investors, private equity investment firm Bregal Partners and feed giant Nutreco.
In addition, AquaMaof, Beach Point Capital Management, founders/management, and selected financial investors participated in the private placement.
The facility will serve the US West Coast market, with first harvest planned for the second half of 2024
The first phase of the project will deliver 12.600-tonnes production capacity from the second half of 2024.
Chairman of West Coast Salmon Hallvard Muri commented: “The West Coast Salmon team looks forward to executing our plan in partnership with AquaMaof as Technology Provider and investor, and the company’s new strong owners, to achieve our goal of becoming the leading US West Coast provider of high quality sustainably raised Atlantic salmon.”
“We are extremely honored to take part in this innovative project and to support the West Coast Salmon team and investors, on their mission to supply the local market with fresh, clean, healthy, and sustainably-produced Salmon,” said AquaMaof CEO David Hazut. “Today, more than ever, it has become extremely important to maintain a clean, bio-secured, disease-free environment in seafood production, as well as enabling self-sufficiency in a time of disrupted food production and supply chain” he added. “This is enabled by producing fish on land, in a closed fully controlled environment, utilising our RAS technology”
The West Coast Salmon project joins other projects currently under development by AquaMaof, with a combined capacity of approximately 75,000 tonnes, mostly for Atlantic Salmon. Among these projects are Grieg NL’s super smolt facility in Canada to produce 7 million smolt, Pure Salmon projects in Japan (10,000-tonnes), France (10,000-tonnes), and East-Coast US (20,000-tonnes), Proximar project in Japan (5,000-tonnes), an Atlantic Salmon project in Germany (5,000-tonnes), and one in Vologda, Russia (2,500-tonnes) and more.