Land-based yellowtail farmer Kingfish Maine has secured a water intake and discharge pipeline permit, one of the most critical permits needed to get started with the construction of its planned 6,000-8,000 metric tons facility in Jonesport, Maine.
The permit assesses Kingfish Maine's ability to maintain the water quality of the area based on the location of the discharge point and makeup of the effluent water.
The Maine Bureau of Parks and Lands cleared the submerged lands lease application for Kingfish Maine's installation of intake and discharged pipes this month.
In August, parent company The Kingfish Company hired the world's largest seafood lender DNB to lead its next round of fundraising for further expansion of both its facilities in the Netherlands and the United States.
DNB has already begun discussions with potential lead investors, however, The Kingfish Company remains tight-lipped on the sums and investors currently engaged.
The company's Dutch subsidiary, Kingfish Zeeland, recently landed listings in retail giant Whole Foods Market in the United Kingdom.
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