AquaMaof facility is expected to be ready for its batch of salmon eggs by Q4 2019.
AquaMaof to build RAS plant with capacity to produce 2,500 tonnes of salmon
RUSSIAN FEDERATION
Wednesday, December 12, 2018, 22:20 (GMT + 9)
AquaMaof Aquaculture Technologies Ltd., one of the world leaders in aquaculture recirculation systems (RAS), confirmed the settlement of an agreement with a group of Russian investors for the design and construction of a RAS plant that will produce 2,500 tonnes of Atlantic salmon (Salmo salar).
AquaMaof’s Indoor Aquaculture System (RAS) Elements
The agreement, signed in October at a ceremony attended by the governor of Vologda, Oleg Kurshinikov, contemplates an investment of EUR 25 million in this region.
According to the Israeli company, the facility is expected to be ready for its first batch of salmon eggs by the fourth quarter of 2019. This will include hatchery areas, nurseries and full growth areas, as well as management and operational areas.
Map location of Vologda, Vologda Oblast, Russia
“We are extremely honoured to be selected by a group of esteemed local investors, after a thorough evaluation process, that carefully assessed several available RAS technologies," said David Hazut, CEO of AquaMaof.
"We take great pride in supporting our customers in their mission to offer fresh, healthy, locally-produced salmon to the local population, that today consumes mostly frozen imported fish,” he added.
For his part, Alexander Churkin, one of the investors, said: "We are excited to embark on this unique project and confident in its success. We have recognized the immense need for locally-produced, high-quality fish, free of antibiotics and other substances. Through a meticulous due-diligence process we examined several companies that can provide a turn-key RAS project, for the grow-out of salmon, and chose AquaMaof for its extensive and proven experience in similar projects. I am certain that we will have a constructive, fruitful cooperation.”
In a note to investors, AquaMaof stressed that the installation will require minimal maintenance, and that the optimization of the power systems will reduce the feed conversion ratio and operating costs.
A 4 kg salmon from the AquaMaof project for the company Global Fish in Warsaw, Poland. (Photo: AquaMaof)
“Commitment being a leading value, we will support our customers throughout the process, working closely with them to provide advice regarding nutrition, stocking, production parameters, and system maintenance. We will also train their staff to ensure complete independence in ongoing operations. This close support will continue long after the facility in operational, to ensure that the facility in not only producing high-quality healthy and tasty fish, but also succeeds financially and enables quick ROI (Return on Investment) to the investors,” concluded Hazut.
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