Proximar's financing negotiations hampered by COVID, risking delays to Japan land-based salmon farm

Proximar Seafood, the Norwegian, Per Grieg-backed company behind Japan's first land-based Atlantic salmon farm, saw expenses rack up in the first half of 2021, as negotiations for further financing were slowed by the pandemic and its ensuing travel restrictions.

The company, which is building a salmon farm in the foothills of Mount Fuji, posted losses of NOK 19.4 million (€1.9 million/$2.2 million) in the first six months of the year compared to NOK 2.8 million (€270,000/$318,000) for the same period last year.