A land-based salmon farming operation planned for Sweden is searching for additional capital, hoping to raise SEK 2.3 billion (€143 million/$235 million) in total to finance the project.

The group, Re:Ocean, which is in the process of changing its name from Premium Svensk Lax, is planning a 58,000-square-meter farm in Saffle, Sweden, to produce 10,000 metric tons of salmon per year.

The company hopes to raise SEK1.5