OSLO, NORWAY: Artec Aqua AS has signed an agreement with K Smart Farming Co., Ltd. (KSF) to conduct a feasibility study for a 20,000 tonnes land-based salmon farming facility in South Korea. Artec Aqua is a wholly owned subsidiary of Oslo-listed Endúr ASA.
The agreement includes an intention for Artec Aqua to conduct engineering, delivery, installation and commissioning of designed process related systems and equipment in the future build-out of the project.
“We are delighted to secure this feasibility study, which puts us in pole position to deliver the full turnkey build-out of this exciting salmon farming facility in South Korea,” says Ingegjerd Eidsvik, CEO of Artec Aqua.
KSF is a joint venture between Norway-based Salmon Evolution ASA and Korean seafood giant Dongwon Industries Co., Ltd.
The KSF joint venture plans to develop, construct, and operate a land-based salmon farming facility with an annual production capacity of 20.000 tonnes live weight of harvestable Atlantic salmon in South Korea. The project plans to use a hybrid flow through system technology, such as the one Artec Aqua is delivering to Salmon Evolution’s land-based facility at Indre Harøy in Norway.
“Salmon Evolution has through our cooperation at Indre Harøya gained first-hand experience of our specialist competence within engineering and delivery of land-based aquaculture facilities, and consequently they have introduced us to K Smart Farming. We look forward to working with K Smart Farming to realise this project. The project represents an important step on our journey towards becoming a major international supplier of land-based aquaculture facilities,” adds Ingegjerd Eidsvik.
Artec Aqua AS is a leading turnkey supplier of land-based aquaculture facilities and solutions – both within smolt, broodstock and grow-out facilities. The company is renowned for its superior water treatment solutions design. It has the capability to deliver all available water system solutions for onshore aquaculture, including flow-through, hybrid and RAS (recirculation aquaculture systems).
Endur ASA FRA: 4ZT
0.092 EUR
21 Jun, 8:04 am GMT+2 ·Disclaimer