Closed containment technology for aquaculture. (Photo: AgriMarine)
Closed containment technology introduced in Norway
Thursday, May 12, 2011, 15:30 (GMT + 9)
Leader in floating solid wall closed containment technology for aquaculture AgriMarine Holdings Inc has announced the launch of the commercialization of its technology in Norway. It has established a joint venture company called AgriMarine Norway AS with Toronto-based ZED Financial Partners and Midos AS of Oslo.
Per the agreement signed between AgriMarine and the Norwegian JV Partners, AgriMarine will license its technology and expertise to AgriNor and offer technical and financial assistance.
The floating closed containment solutions offered by AgriMarine have great potential because parasites, fish escapes and disease, among other factors, have led to great economic losses for fish farms over the years, according to the firm.
"There is tremendous political, consumer and ENGO pressure on the salmon farming industry to improve business practices to make farming
environmentally sustainable,” said Richard Buchanan, CEO of AgriMarine. “AgriMarine's technology aims to solve sustainability issues by offering a better farm management system that has the ability to expand growth in the industry while protecting the receiving water conditions."
|Aquaculture at Benxi, China. (Photo: AgriMarine)
AgriMarine already runs commercial-scale technology and production in Benxi, China, and thus has proven that its production costs are akin to industry standards for net cage operators, the company said.
Under the terms of the agreement, the Norwegian JV Partners will apply for concessions assigned to closed containment aquaculture in Norway, with the objective being setting up a closed containment demonstration plant for salmon.
JV Partners will acquire technical and financial support for the project from Norwegian Government groups and industry participants. In addition, AgriNor will seek other similar concessions in its own right and jointly with other industry participants to commercialise AgriMarine's technology across Europe.
Member of the Norwegian JV Partners Geir Spiten is the new president of AgriNor and will report to its Board of Directors. Spiten is a Certified Information System Auditor with vast consultative experience in the Norwegian aquaculture industry and has also worked as Principal Consultant at PricewaterhouseCoopers.
For the joint venture, AgriMarine has appointed Sean Wilton as its representative and he will serve as Director of Technology and Engineering within the management team of AgriNor. He is president of AgriMarine's operating companies and has extensive global engineering knowhow in closed system technology for the farming of salmon and other fin fish.
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By Natalia Real