Faroese salmon farming giant Bakkafrost has its eyes set on a site for offshore salmon farming that it hopes will play a large part in its next growth investment plan, CFO Hogni Dahl Jacobsen said during a Sparebank 1 Markets webinar this week.

"Our next vision for growth in the Faroes lies in offshore," Jacobsen said. "We expect to add this third growth stage to our value chain in the future, which includes growing smolts on land to reduce cycle time in the fjords and having a final growth stage at sea in large offshore facilities."