BioMar signs letter of intent feed deal with company that aims to be Europe’s largest land-based salmon farmer

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BioMar and Quality Salmon Sotenäs said that they were looking to create the “salmon of tomorrow”.

Feed giant BioMar writes that it has signed a letter of intent with Lighthouse Finance-owned Quality Salmon Sotenäs. The agreement states that BioMar will provide feed solutions for the Atlantic salmon in Quality Salmon’s land-based RAS facility once production commences in 2022, in Sotenäs, Sweden.

Built with AquaMaof tech, the Norwegian-owned firm is aiming to build Europe’s largest land-based salmon farm.

“Investing 17 –20 BSEK in the industrial park and aiming for future production of 100,000 tonnes salmon per-year demonstrates our level of ambition pretty clearly. We want to do more than just framing the production of salmon. That is why we have chosen to partner with BioMar, as we share a mutual vision that sustainability and innovation are the key drivers for success,” said Lighthouse Finance CEO Roy W. Høiås.

Lighthouse Finance CEO Roy W. Høiås. PHOTO: BioMar

“At BioMar, we have been working with feed solutions for RAS for more than 20 years and we are excited to partner with quality Salmon Sotenäs to join them on their journey,” said Ole Christensen, Vice President of BioMar who heads the EMEA Division and the RAS segment.

“We have a strong focus on finding innovative and sustainable feed solutions and being a part of a project that has a focus on circular economy and adoption of new raw materials, makes it a good match with the way we do our business,” Christensen continued.

Founded in 2013, Lighthouse Finance said it has financed a number of company establishments such as fish-farming facilities, RAS-systems and large-scale harvest and processing plants in Europe, Asia and North America. The firm has offices in Norway, Denmark, Sweden and the USA.

It signed another letter of intent with another giant in June, that time with the German industrial group Siemens for it to “develop and deliver tomorrow’s “Digital Enterprise”’.