Akva's land-based subsidiary has signed an engineering and design contract with Norway-based Ecofisk, which was recently granted a license to produce 40,000 metric tons of land-based salmon in its recirculating aquaculture facility in Rogaland, Norway.

Ecofisk will kick off with a land-based growout facility of 5,000 metric tons in Espevik, Norway, for which Akva is contracted as the preferred supplier.

The aquaculture equipment supplier will be investing up to NOK 30 million (€2.7