Per Grieg-backed Proximar Seafood has secured a JPY 2.5 billion (€19.1 million/$22 million) loan from Japanese finance house JA Mitsui Leasing (JAML) for the development and construction of its land-based salmon farm at the foot of Mount Fuji in Japan.
The first half of the loan will be handed out shortly with the second half to be distributed in February of 2022.
Construction of Proximar Seafood’s recirculating aquaculture system (RAS) facility started in Oyama, Japan, during the first quarter, and the first Atlantic salmon is scheduled for harvesting in 2024.
