Land-based salmon farmer Danish Salmon, which is backed by Japanese seafood giants Marubeni and Nissui, is in the processing of finalizing its large expansion project, which it says will more than double production to 2,700 metric tons in 2024.

Danish Salmon started constructing its initial facility in 2012 and harvested its first batch of Atlantic salmon raised in its land-based recirculating aquaculture system (RAS) in 2015.

Since then, the group has reached a steady state of annual production of between 1,100 to 1,200 metric tons, but says it needs to ramp up production further to meet customer demand and achieve much more stable profitability, CEO Kim Hieronymus Lyhne, told IntraFish.