Biomass doubles for Salmon Evolution while production costs begin to fall

Company plans to increase harvest volume significantly for the forth quarter. 

Norwegian land-based producer Salmon Evolution’s standing biomass has doubled to 2,100 metric tons as of September 30, according to a statement released by the company on Monday.

The Indre Harøy-based firm credited strong biological development and normal mortality levels across all fish groups since June 30.

In Q3, Salmon Evolution harvested 185 metric tons, after deferring some of the planned volume to Q4 to benefit from optimised slaughter weights and pricing.

Managing Director of Salmon Evolution, Trond Håkon Schaug-Pettersen, expressed satisfaction with the performance of the facility.

“During the third quarter, we saw both all-time high biomass production and standing biomass,” he said.

“Together with the fact that production costs are trending in the right direction as a result of higher production, and a historically strong salmon market, we are very much looking forward to the fourth quarter and our significant increase in harvest volumes.”

Salmon Evolution’s biomass growth in Q3 underscores a quarterly run rate of approximately 1,600-1,700 metric tons.

The company, whose construction started in spring 2020, finished construction on its first phase in 2022 and initiated production of 9,000 metric tons of fish annually.

Upon completion of all three phases, the facility is set to produce 36,000 metric tons yearly, positioning it as one of Europe’s largest land-based producers.


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