Israel-based aquaculture equipment supplier AquaMaof officially began designing Pure Salmon's Boulogne-Sur-Mer, France land-based salmon farming facility, the company announced Thursday.
The recirculating aquaculture system (RAS) project will be the largest land-based salmon operation in the European Union.
8F Asset Management-backed Pure Salmon first announced its project in January, with the first harvest of full-grown salmon expected in 2023.
8F recently closed on its $359 million (€321 million) fund to support its Pure Salmon land-based projects in Poland, Japan, France and the United States in March.
This phase will support the production of 40,000 metric tons of RAS-raised salmon in the four facilities combined.
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8F’s Pure Salmon has announced a series of investments in land-based projects for the past couple of years, one of them being a 10,000 metric ton facility in Brunei.
In October 2019, the company announced the site in China would receive the largest portion of the investment funds at $650 million (€586.3 million), with the project targeting 100,000 metric tons of salmon production across five different facilities of 20,000 metric tons each.
In July 2019, the company announced another land-based salmon project located in Lesotho, South Africa, worth $250 million (€225.5 million). That project is due to be finalized in 2023. The Lesotho project will include a hatchery, nursery, grow-out operation, as well as a processing and packaging plant.
Earlier in 2019, the company announced its US site will be built in the state of Virginia for close proximity to East Coast customers. The project was to receive $20 million (€18 million) in financial assistance from local government and development agencies.
Virginia was the state of choice for 8F Asset Management, due to the proximity to East Coast customers and $20 million (€18 million) financial backing of local authorities and development agencies.
In 2018, the company announced a $162 million (€146.1 million) investment to create “Soul of Japan," a 10,000-metric ton land-based Atlantic salmon farm in Japan’s Mie prefecture.
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