Land-based salmon farmer enters strategic partnership with Chinese government
Baring Farsund signs agreement to develop land-based salmon farms in China.
Norwegian land-based salmon company Baring Farsund is set to play a pivotal role in the development of modern ocean farming in Guangdong Province, China.
The company has entered into a strategic partnership to establish the first China-Europe Ocean Fishery Industry Innovation Park in the region, marking a significant collaboration in sustainable fishery practices. Executives from the Norwegian company participated in a signing ceremony in China on 15 January.
The agreement, announced by the Guangdong Provincial Department of Agriculture and Rural Affairs focuses on the development of salmon farming in Shanwei City and Dongguan City.
The Innovation Park will provide a focal point for the provinces nascent salmon industry, with facilities for breeding, cultivation, processing, and logistics.
This partnership is a part of Guangdong’s broader initiative to develop modern marine farms and increase food security.
The province’s project to develop modern marine farms, in line with recent directives from Chinese premier Xi Jinping has already made significant progress, marked by the introduction of 17 policies in support of the initiative and the drafting of a comprehensive development plan for 2023-2035.
Baring has also signed a contract with Shanwei Baiqian Agricultural Investment Development, an investment fund, and Guangdong Nanfeng Wang Technology, a manufacturer of plastic products, including fishery and aquaculture equipment.
The contract commits the companies to “share resources and technologies to promote exchanges and cooperation between China and Europe in the field of marine fisheries.”
Within the past year, 48 marine farm projects have been initiated across Guangdong’s coastal cities, according to the release from the provincial authorities.
In 2022, Baring obtained a license to build a 24,000-metric-ton land-based facility for post-smolt and harvest-ready fish in Farsund, in the south of Norway. The company is owned by Baring Group, which also owns Baring Ocean.