UndercurrentÂ reports that Pure Salmon â€“ the company behind a series of ambitious large scale land-based salmon farms â€“ is building one in France, in the heart of the countryâ€™s fish processing capital.
The publication reported that Pure Salmon â€“ which is managed by equity funds 8F Asset Management and uses RAS technology from AquaMaof Aquaculture- wrote that construction of the new facility is expected to begin during the fourth quarter of 2020 and should deliver its first harvest of market-size salmon in 2023.
The announcement was made at the Choose France summit â€“ an event hosted by the countryâ€™s President Emmanuel Macron to promote Franceâ€™s economic attractiveness internationally.
â€œThe Pure Salmon France land-based salmon facility in Boulogne-Sur-Mer leads to a significant increase in fish production in France,â€ wrote French minister of agriculture and food Didier Guillaume.
â€œIt is in line with the European Commissionâ€™s objectives to develop sustainable aquaculture and thereby reduce the European Unionâ€™s dependence on imports. This large scale project is therefore also fully aligned with the policies I have been implementing in favour of further developing the aquaculture industry in France.â€
This is the latest big announcement from the company which has planned projects in Lesotho (Africa), Japan, and moreÂ recently Brunei.Â This will contribute to Pure Salmonâ€™s aim to produce 260,000 tonnes of salmon per annum.
Norwayâ€™s Salmon Evolution â€“ which is not in the EU â€“ plans on producing 30,000 tonnes of market-sized salmon a year when completed by 2023.