JLEN
JLEN
 

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The Rjukan project consists of a land-based aquaculture facility to be built in Rjukan, Norway, and will use established recirculating aquaculture system (“RAS”) technology. It is expected that partial operations will commence in 2024 with full operations expected in 2025, following which, the facility is forecasted to produce approximately 8,000 tonnes of trout annually. This will be sold to European and international salmonid markets via an offtake agreement with an established Norwegian seafood distribution company with global reach.

Driven by a growing global population and an expanding middle class, the world faces an increasing demand for quality protein amid limited resources of usable land and water. Fish, including salmonids such as salmon and trout, is considered one of the most efficient sources of high-quality animal protein due to the rate at which it converts feed into edible mass, its high protein retention and high rate of edible meat per kilogram, as well as various nutritional benefits.

Land-based aquaculture, such as the RAS based facility to be built in Rjukan, can provide a range of benefits compared with alternative methods of aquaculture such as improved fish mortality rates, less local environmental degradation and a lower use of antibiotics and other chemicals to control disease and parasites.

 

Project specifics

Acquisition date

August 2022

Total Investment

Up to £40 million (apprx)

Plant description

Controlled environment aquaculture project in the construction stage

Expected operations commencement date

Partial operations to commence in 2024, full operations expected in 2025

 

Location

Revenue composition

  1. Contract revenues 100%

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