The facility, located on a 13.7-hectare site in Mie Prefecture, will have an annual production capacity of 10,000 tons of Atlantic salmon.
8F Asset Management has raised $460 million to complete construction and begin operations at its Soul of Japan land-based aquaculture facility in Tsu City, Japan, and to support Pure Salmon Technology, the technology arm of Pure Salmon Group.
The funding includes equity from the 8F Aquaculture Fund Japan I LP, a dedicated Japan-focused fund backed by institutional, sovereign, and family office investors, and JPY33 billion ($300 million) in long-term debt from a syndicate of Japanese banks led by Sumitomo Mitsui Banking Corporation.
Construction is underway, with the first harvest targeted for mid-2027. The vertically integrated facility will use recirculating aquaculture system (RAS) technology to produce antibiotic- and vaccine-free salmon, minimizing environmental impact while reducing carbon footprint through local production. Offcuts from the salmon will also be used in pet nutrition.
Soul of Japan’s sustainability finance framework has received the highest rating, SU1(F), from the Japan Credit Rating Agency (JCR).
“This successful close is another significant milestone towards our goal of supplying the world with clean, healthy, locally produced protein,” said Stephane Farouze, Chairman and Founder of 8F and Pure Salmon in a press release on Monday.
