Norcod

Founded: 2018

Main owners: Sirena Group, Artha Norcod, High Liner Foods. The company listed on Euronext Growth in 2020.

CEO: Christian Riber

Headquarters: Trondheim, Trondelag county

Farming: Six sites in operation, with plans to invest in five additional sites over the coming years. The company has 26 licenses with a potential harvest volume of 26,000 metric tons Whole Fish Equivalent (WFE) per year. The operational sites are:

- Jamnungen (5,160 metric tons Maximum Allowable Biomass)

- Bjornvika (3,600 metric tons MAB)

- Labukta (3,600 metric tons MAB)

- Frosvika (3,600 metric tons MAB)

- Skogsoya (1,560 metric tons MAB)

- Palskjera (1,560 metric tons MAB)

Harvesting: Krakoy (acquired June 2023)

Production: c.11,000 metric tons in 2026, scaling up to 25,000 metric tons per year in 2029.

Ode

Founded: 2020

Main owners: Louis De Clercq (Chairman), Ola Kvalheim (CEO), Tor Olav Seim (Head of Strategy and Business Development)

CEO: Ola Kvalheim

Headquarters: Alesund, More og Romsdal county

Farming: Eight sites, of which six are currently in operation (including one joint venture) and two as yet unopened.

Operational sites (total 22,196 metric tons MAB):

- Svartekari (3,120 metric tons MAB)

- Alida (3,599 metric tons MAB)

- Vorpeneset (3,599 metric tons MAB)

- Aukan (3,599 metric tons MAB)

- Dyjsaneset (3,599 metric tons MAB)

- Rekvika (4,680 metric tons MAB – a joint venture with Vesteralen Havbruk*)

Two, as yet unopened sites were awarded in 2024 (total 7,000 metric tons MAB):

- Jonskjaer (3,500 metric tons MAB)

- Stoylen (3,500 metric tons MAB)

*At the joint venture, Ode owns four of six licenses on the farm and Vesteralen Havbruk owns two. Ode operates the farm 100 percent, including supply of juveniles and harvesting/selling the fish.

Harvesting: Vartdal (acquired February 2024)

Production: c. 12,500 metric tons in 2025, scaling up to 26,000 metric tons in 2027 and with an ambition and path to reach 100 000 tons within the next 10 years.

KIME Akva

Founded: 2000

Main shareholders: KIME Akva Holding AS, Ocean 14, Nergard AS, Nima Invest AS, Senja Marin Invest AS

Managing Director: Orjan Jensen

Headquarters: Finnsnes, Troms county

Farming: Total MAB of 17,599 metric tons across seven locations:

- Hallarnes (3,599 metric tons MAB)

- Gryllefjord (1,000 metric tons MAB)

- Forsa (3,600 metric tons MAB)

- Fagerhamn (3,120 metric tons MAB – co-ownership through the company KIME Akva Uttian)

- Solvskaeret (1,560 metric tons MAB )

- Vagholmen (3,120 metric tons MAB – through ownership of Codlife)

- Vaeroy (2 x 780 metric tons MAB)

Harvesting: KIME Akva collaborates with Vesteralen Havbruk and will use their harvesting facility in Vesteralen.

Production: First production cycle completed during summer of 2024 (G2022). Second generation (G2024) is currently being produced at the Forsa site, while the G2025 cycle is being produced at the Gryllefjord and Hallarnes sites. The company has previously stated a production target of 24,000 metric tons per year by 2030.

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