Norwegian halibut farmer Nordic Halibut signed an agreement with landowners on Sept. 30, securing the location for a new land-based facility to be built at Torjulvagen in Tingvoll, More and Romsdal.
The transaction will enable Nordic Halibut to realize phase 2 of its volume ramp-up plan to 9,000 metric tons, it said.
The new facility will also significantly de-risk future production cycles because early-phase production will be spread across numerous locations throughout the production lifecycle, said the group.
The new facility will be divided into three 1,500-square-meter production units, and all land-based production phases will be integrated at one location.
