PURE SALMON REVEALS FURTHER EXPANSION

Pure Salmon reveals further expansion details of sustainable land-based fish farms in US and European markets

Pure Salmon, the new land-based salmon farming company that aims to become a leading global producer of high-quality, sustainable and ethical Atlantic salmon, has announced the latest details of its ambitious American and European expansion plans.

In addition to its existing land-based RAS farm in Poland and recently announced 10,000-ton project in Japan, Pure Salmon has confirmed its American site will be in Tazewell County in the State of Virginia. This will be the company’s largest facility to date, with 20,000 tons of production per annum. The project also comes with US$20m of financial assistance from local development agencies.

In Europe, two locations are being considered for a further 10,000-ton facility. The first is Boulogne-sur-Mer, a major fishing port on the Northern coast of France with excellent connectivity within France and neighbouring countries. The second is Olbia in the north of Sardinia, Italy, a project which has attracted significant support at a national and local level, both politically and financially. The new sites will be fully integrated with on-site hatcheries, grow-out systems and processing facilities.

The facilities in Poland, Japan, the US and France/Italy will comprise phase I of Pure Salmon’s roll-out plans and contribute 40,000 tons of production to its 260,000-ton global target.

The expansion of Pure Salmon’s sites across the US and Europe are part of the company’s aim to provide a socially responsible choice for consumers, the environment and the economy. The salmon will be reared in an uncontaminated environment with complete bio-security and will be close to areas of high salmon consumption, resulting in a longer product shelf life that is fully traceable and helps to keep carbon emissions and transport costs low.

After a positive assessment of its first fully operational facility in Poland, Pure Salmon was recognised for its sustainable production processes and elected by FishChoice as an official Supplier Member. Pure Salmon will subsequently register all its future facilities to be launched globally on the FishChoice platform.

Pure Salmon has also been recognised by Ocean Wise as being sustainably produced. As Pure Salmon complies with the highest standards of the Ocean Wise Seafood Program, it has been selected as a sustainable supplier and its products can carry the Ocean Wise recommended stamp, as an assurance of an ocean-friendly and healthy seafood choice.

Pure Salmon has been developed by 8F Asset Management Pte. Ltd, a global asset management firm focused on impact investing.

Stephane Farouze, Chairman and Founder of 8F, comments: “We’re delighted to be announcing further details of our plans to build large scale land-based Atlantic salmon farming facilities in the US and Europe. 8F is proud to be a sustainable investment business and we are looking to change the future of salmon farming with our ambitions growth plans for Pure Salmon around the world.”