Proximar a step closer to supplying salmon to Japanese market. Proximar Seafood AS, a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan, has published its annual report for 2021 and reported its results for the second half. 2021 was marked by several important milestones.
“We have kicked off the work on our first land-based recirculation facility outside Tokyo – on time and on budget. This brings us one big step closer to serving fresh, Atlantic salmon to Japanese households and restaurants, locally produced with a low carbon footprint,” says Joachim Nielsen, CEO of Proximar Seafood.
Proximar is in a project development phase and consequently had no income in the second half of 2021. The net loss for second half of 2021 was NOK 5.5 million, compared to a loss of NOK 7.9 million in the second half of 2020.
“During the year, we have strengthened the team and are preparing for the operational start-up in third quarter this year when the first eggs will be inserted. Hence, we are now building our team on site in Japan and we have received considerable interest from potential candidates,” says Nielsen.
Proximar has with the latest signed contracts secured approximately 95 per cent of the CAPEX on fixed prices. The CAPEX pr kilo is still planned at NOK193/kg and the company keeps the debt ratio target of 50 per cent.
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility under construction at the foot of Mount Fuji in Japan. Through land-based fish farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar’s location, near one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.