Aquaculture

Land-based salmon farmer Proximar needs to raise extra $15 million as costs climb

Total costs have now increased 17% since the start of construction two and a half years ago.

"We are running the very first commercial Atlantic salmon farming facility built in Japan, and with that comes several challenges, among them also some cost increases that necessitate additional funding... However, the project economics are still very robust, and the outlook remains promising," said . Joachim Nielsen, CEO at Proximar.
"We are running the very first commercial Atlantic salmon farming facility built in Japan, and with that comes several challenges, among them also some cost increases that necessitate additional funding... However, the project economics are still very robust, and the outlook remains promising," said . Joachim Nielsen, CEO at Proximar.Photo: Proximar
Published 10 November 2023, 09:14Updated 10 November 2023, 14:23
Farmed salmonProximar SeafoodJapanNorwayPer Grieg