Aquabanq Announces New Plant For Salmon Farming On Land In The U.S.
Aquabanq Announces New Plant For Salmon Farming On Land In The U.S. Business Championing sustainable farming practice, U.S.-based Aquarian, Inc. is accelerating its plans for the land-based salmon production facility in the U.S. by at least 12 months. Current plans include the construction of an industrial-scale RAS-based plant capable of producing 10m pounds (5,000 metric tons) of head-on/gutted Atlantic salmon by 2022. Five additional RAS units will be added to double the production capabilities to 20m pounds (10,000 metric tons) of fish per year by 2025. Despite Norwegian analyst predictions (source: SpareBank1) for Atlantic salmon prices falling below US$7.00 per kilo (US$3.17/lb) in 2018, the spot price for Atlantic salmon recovered quickly and hit US$7.96 per kilo (US$3.61/lb) late last week (source: The Nasdaq Salmon Index/Fish Pool Index). “We can easily compete with [open-pen] cage farming operators as our production costs are on a par at this point” says AJ Shapiro of Aqu