Chilean salmon farmer Nova Austral announced a joint venture with Salmones Austral-owned Trusal to produce up to 19,000 metric tons worth of salmon in Magallanes, Southern Chile, through 2022.
The companies expect an output of 7,000 metric tons in 2021 and 12,000 metric tons in 2022.
Nova Austral will provide smolts from its hatchery in Porvenir, then process and distribute the product through its brand Sixty South, while Trusal is to provide the feed and fixed assets.