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Mar 22, 2017

Atlantic Sapphire building USD 350 million land-based salmon farm in Miami

Atlantic Sapphire USA, a subsidiary of Norwegian farmed salmon firm Atlantic Sapphire A/S, will soon start construction on a massive land-based aquaculture facility in Miami, Florida, U.S.A. Atlantic Sapphire CEO and Founder Johan Andreassen confirmed to SeafoodSource the company has acquired all approvals necessary to begin the first phase of the project, which will cost around USD 100 million (EUR 94 million). Andreassen said he expects the facility will be capable of producing around 10,000 metric tons of rought-weight salmon, or 22 million pounds annually, by the time the phase-one build-out is complete, expected by the end of 2019 or beginning of 2020. “Behind that, we’ll launch phase two and three, and over the next six to seven years, we expect to grow up to 90,000 tons of salmon annually,” Andreassen said. “We have secured sufficient land to build it out completely.” The second and third phases will run the project’s cost to between USD 350 million and 400 million (EUR 326 and 374 million), he said. The Miami facility is being equipped with technology developed by Atlantic Sapphire’s Danish subsidiary, Langsand Laks, including a closed-containment, recirculating aquaculture system that Andreassen said is extremely energy- and water-efficient. Read the article.