Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


'Halibut is a high-quality product and demand has risen significantly in recent years, with increasing acceptance of farmed halibut among consumers'

Nordic Halibut receives funding of NOK 178 million

Click on the flag for more information about Norway NORWAY
Tuesday, April 23, 2024, 07:00 (GMT + 9)

Eksfin and Innovation Norway finance Nordic Halibut with a total of NOK 178 million

The halibut farming company Nordic Halibut on Averøy in Møre and Romsdal receives loan financing of NOK 102.5 million from Innovation Norway and NOK 75 million from Export Finance Norway (Eksfin) for the investment and operation of a new land-based seine fishery at Tingvoll.

  

Greater capacity and higher quality

At Tingvoll in Møre og Romsdal, Nordic Halibut is building a new seabream facility to ensure sufficient capacity and quality of fry production, and at the same time expand the possibility for further biological development. This facility will play a decisive role in reducing the risk associated with future production cycles and is absolutely central to the company's achievement of growth targets and profitability. The company has now secured more capital from Innovation Norway and Eksfin for investments and operations.

This is an example of a project Norway needs more of in the coming years. Halibut farming has the potential to become an important growth and export industry for our region and for Norway as a nation. Innovation Norway has supported the company in previous projects, and I have great faith that this project will help the company take new steps, says Helge Gjerde, regional director of Innovation Norway in Møre and Romsdal.

"It is important for Eksfin to support innovative companies that drive development in the aquaculture industry going forward. The aquaculture industry is particularly export-oriented, has great growth potential and is a very important industry for Norway. Eksfin also wishes to support companies that are subcontractors to exporters", says Tone Lunde Bakker, managing director of Eksfin.

Managing Director of Nordic Halibut, Edvard Henden, is pleased that the project can now be realised:

"We thank Innovation Noreg, Eksfin, SR-Bank and Sparebank1 Nordmøre for their cooperation in realizing the facility at Tingvoll. The production of viable halibut on an industrial scale represents a unique opportunity, and we are pleased to observe that these strong financial institutions share our vision", says managing director Edvard Henden.

Increased demand for halibut

Halibut is a high-quality product and demand has risen significantly in recent years, with increasing acceptance of farmed halibut among consumers. In the USA, among other things, demand has increased by 14 per cent every year in the period 2010-2020. Halibut is a relatively new species in commercial farming, but through the unique expertise in aquaculture locally and nationally, targeted breeding programs and technology development, the production time has decreased and volume and quality have stabilized.

Menon Economics recently pointed out that 92% of turnover in the Norwegian aquaculture industry between 2018-2021 comes from exports. The great progress the company Nordic Halibut is making supports the government's goal of further commercialization of new farming species and contributes to increased growth and exports.

    

With the new facility, the company will have the capacity to release over 2 million fish into the sea annually, which will give a harvest volume of 10,000 tonnes, doubling current production.

Environmentally and socially sustainable

The facility at Tingvoll will be built close to Nordic Halibut's sea location on Nordmøre. This enables logistics that reduce the climate footprint and increase the quality of the product. Water for the plant is taken from a depth of 220 meters and is perfectly suited for land-based halibut production without the need for advanced technological water treatment or heating. This makes the plant energy efficient in addition to minimizing technological risk throughout the entire production cycle. The project also contributed positively to employment and technology development in the district both via the company and the subcontractors. In addition, it will help to strengthen the marine cluster along the Møre coast.

[email protected]
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Peru
May 26, 05:00 (GMT + 9):
Fishing unions denounce: 'The Peruvian State allows the entry of Chinese ships that would not comply with human rights and labor standards'
China
May 24, 07:40 (GMT + 9):
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
Maldives
May 24, 07:10 (GMT + 9):
Maldives Fisheries Minister Calls for Global Collaboration to Ensure Fair Tuna Trade
China
May 24, 07:00 (GMT + 9):
Hengyi No 1- Large semi-submersible fish cage deployed off Chinas Guangdong province
Faroe Islands
May 24, 07:00 (GMT + 9):
Salmon from the Faroe Islands is renowned around the world for its superior quality and taste.
United Kingdom
May 24, 07:00 (GMT + 9):
Construction Underway for Vónin Scotland’s New Eco-Friendly Aquaculture Service Station in Kyleakin
Viet Nam
May 24, 07:00 (GMT + 9):
Positive Signals from Tuna Export Markets
Antarctica
May 24, 07:00 (GMT + 9):
Otolith chemistry reveals the ontogenetic movement of the Antarctic toothfish (Dissostichus mawsoni)
Seychelles
May 24, 06:50 (GMT + 9):
Seychelles launches National Aquaculture Policy 2023-2027
Ecuador
May 24, 01:00 (GMT + 9):
Dorado - Common Dolphinfish Longline Fishery Accelerates Steps to Achieve MSC Certification
Japan
May 24, 00:40 (GMT + 9):
Volumes and Prices │ Crabs │ Tokyo Central Fish Market │ Jan-Apr 2024
Norway
May 24, 00:40 (GMT + 9):
Statistics │ Export │ Frozen crab: Japan, Korea, Taiwan, China, Vietnam, USA, Canada and Europe
United States
May 24, 00:30 (GMT + 9):
Statistics │ Catches │ Pollock │ Bering sea │ Seasons A and B │ 2022-2023
Spain
May 24, 00:00 (GMT + 9):
Other Media | Industrias Pesqueras: Eurotech Marine: Sonars that improve detection performance
European Union
May 24, 00:00 (GMT + 9):
Other Media | EuropaAzul: Digital optimization of catch monitoring in European fishing



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Balfegó Launches Bluefin Tuna Fishing Campaign
Spain The fleet commanded by Balfegó will capture an assigned quota of 3,087 tons and will do so, for the first time, under the B Corp sustainability seal The company, the first in t...
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Ocean Rebellion ask the public to just stop buying John West Tuna
United Kingdom At 8:30 on Tuesday, 21 May, a giant John West tuna can containing bloodied merpeople ‘bycatch’ was torn open in front of the Blue Food Innovation Summit, Hilton Hotel, Great Suffolk Street...
European fishermen urge Brussels to delay vote on total closure of 10% of all EU fishing zones
European Union The European Bottom Fishing Alliance (EBFA) warns about the socioeconomic consequences of prospering this measure and asks member states to protect food sovereignty Madrid - European fishermen, group...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER