Norway exported 1.2 million tonnes of fish from aquaculture worth NOK 76.5 billion in 2019, and the potential is much greater. Source: Norwegian Seafood Council. The good earnings are shown in the license price to be able to produce 1 kg of salmon as per August 2020 was SEK 220 / kg. It is expected that the government will facilitate new environmental licenses in the spring of 2022. Since challenges with marine feed supply, disease, lice escape and land use are the most important obstacles in realizing the potential for growth in the industry, it is expected that companies with solutions to this will be prioritized in this award.
AKVAREFORMA is concerned with sustainability at all levels. This means that we must go to the core of the challenges. It is unfortunate that salmon are fed with vegetable soy when it is a carnivorous species. It is also unfavorable that salmon farming in Norway is totally dependent on feed originating from the other side of the globe. Therefore, the production of marine feed protein is an important part of the concept. We believe the future lies in floating closed facilities. It will reduce disease, lice and escapes. It will provide financial side streams in the form of reuse, and processing of sludge as well as provide nutrients for omega 3 producing microalgae.
The future value of AKVAREFORMA AS will be affected by how many development licenses our concept is worth, and we work daily to strengthen our position as one of the best candidates when new licenses are awarded.
What do we need now? A solid support from various actors, both professionally, commercially and financially is necessary for success. We believe the concept is worthy of more development licenses for salmon farming. With it in place, we will be compensated for the extra expenses we have with start-up and upscaling. Then we can develop feed production on a growing scale, "match" various development programs, and not least buy ourselves free from some of the services we need in the first phase. Through action, we can help capture the attention of fish farmers and other stakeholders and get them to invest financially to join the path towards a more circular and sustainable Norwegian aquaculture industry.
The founders behind this concept will take the climate and environmental challenges seriously , both because it is good for the planet, but also because it is good for the industry. At the same time, we are aware that all human activity puts a strain on nature. It is finding this balance that is the key in our concept. This is how we meet the UN's sustainability goals and equip the industry to be ready for restrictions these goals will trigger in the Norwegian authorities.
By producing local feedstock with a high content of marine proteins and oils, we will also minimize the vulnerability of the global supply chains, which the Korona pandemic has clearly shown us is real. Wild fish as fish feed is a limited resource and under pressure from overfishing, pollution and ongoing climate change. In recent years, this has resulted in the Norwegian feed companies reducing the amount of fish oil and fishmeal from 90 to about 25 percent. Pushing it further down can have consequences on many levels.
By investing in AKVAREFORMA, you are confident that we deliver on:
Development of a concept with great international potential
A good understanding of the importance of local food production and local jobs
Full circular production and material selection
Animal welfare in understanding with biology
Our clear goal is for this concept to become industry standard.