First batch of eggs to start feeding

Bergen, Norway/Yokohama, Japan - 20 January 2023 Proximar Seafood announces that the first batch of juveniles (Atlantic salmon) has been successfully transferred to the start feeding department and started to take feed. This marks a breakthrough for Proximar's production team, after the first eggs were successfully inserted in the company's hatchery in Oyama, Japan in October 2022.

First batch in the start feeding department

"The successful transfer of our first juveniles to start feeding is an important milestone for us and according to our production plan. I am excited to see the progress and development in the next coming months," says Charlotte Okstad, Hatchery & Nursery Manager of Proximar Seafood.  The batch will stay in the first feeding for approximately two months, before the next transfer to the nursery.

New milestones in 2023

The equipment installation is ongoing in the nursery area and will be commissioned in early March, while the grow-out building is scheduled to be completed in the third quarter this year.  Project CAPEX is in-line with previous communication at levels around NOK 200/kg, based on target production capacity. With more than 80 per cent of the civil works finished and 95 per cent on fixed price contracts, Proximar has a strong visibility of the construction costs. The hatchery and nursery building is now completed, with the last part of equipment installed by Aqua Maof.

"The quality of works is the best I have seen in my 11 years of experience with RAS. I am convinced that the low complexity design of Aqua Maof is a huge advantage in terms of operational risk. The combination of strong technology and our highly competent team provides confidence in reaching our production goals," says Dharma Rajeswaran, COO of Proximar.

Proximar's nursery

Successful track-record in Poland  

Proximar remains confident that the Aqua Maof solution will deliver according to expectations. Aqua Maof's facility in Poland has now marked approximately five years of successful production of Atlantic salmon. So far, 36 cohorts of salmon have successfully reached an average size of 4-5 kg with a survival rate of ~93 per cent in post smolt phase. The production has shown consistent results, with growth from egg to harvest size (4-5 kg) in approximately 22 months at stocking densities of around 85 kg/m3.  The average volumes achieved is around 300 tonnes per year and the fish is being sold in Poland and across Europe. Recently the taste and quality was backed by a major taste panel with very positive feedback.  

AquaMaof's R&D and training center in Poland

"We follow this facility and performance closely and are impressed by the Aqua Maof solution's ability to maintain consistent and adequate water quality. Even at very high densities the solution from Aqua Maof has demonstrated its capability. Water quality is the basis for good growth performance, and this combined with the low complexity and simple design makes us very confident in delivering on our plans," says Dharma Rajeswaran, COO of Proximar.

For more information, please contact:  Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com

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