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HomePosts Tagged "AquaGen"
Acquaculture, AgroPolicy, India, Live Stock

The delegation also discussed various issues and opportunities for cooperation in the aquaculture and fisheries sector

A high-level delegation led by Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying, along with Dr L. Murugan, Minister of State, Fisheries, Animal Husbandry & Dairying, Neetu Kumari Prasad, Joint Secretary, Department of Fisheries and other senior officers is on a visit to Norway for strengthening the bilateral cooperation between India and Norway in the field of fisheries and aquaculture. After attending the Opening Ceremony of the Aqua Nor 2023 trade show at Trondheim Spektrum, Klostergata, which is one of the world’s largest trade shows for aquaculture technology and innovation, the delegation visited AquaGen, a research-oriented breeding company that develops, manufactures, delivers genetic starter material and fertilised eggs to the global aquaculture industry. Parshottam Rupala, and Dr. L. Murugan, discussed opportunities for joint collaboration with Knut Roflo, CEO, AquaGen.  

Parshottam Rupala and Dr. L. Murugan interacted with the Indian participants at the exhibition, who displayed their products and services related to aquaculture and fisheries. Parshottam Rupala appreciated the efforts of the Indian exhibitors in promoting the quality and diversity of Indian aquaculture and fisheries products in the global market. The delegation also discussed various issues and opportunities for cooperation in the aquaculture and fisheries sector.

The delegation also discussed various issues and

Acquaculture, Company News, Finance, Sustainability, World

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500 tonnes of gutted salmon a year

Land-based salmon farmer Atlantic Sapphire has raised $55 million gross with a private placement of shares, which is $5 m more than originally planned.

“The deal size in the private placement was up-sized based on strong investor demand from the initially announced NOK equivalent of $50 million,” Florida-based Atlantic Sapphire said in a market announcement.

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500 tonnes of gutted salmon a year. Meanwhile, any remaining funds may be used for the company’s second phase, which aims to bring capacity up to 25,000 tonnes a year.

Nordlaks, one of Norway’s largest salmon producers, which already owned a 4.77 per cent stake in the company, was the largest investor in the new round, buying shares worth $10 million. Another notable investor from the aquaculture world was Blue Future Holding, part of the group that owns AquaGen and GenoMar, which bought shares worth $4.65 million

Atlantic Sapphire’s board has also adopted an intention to carry out a subsequent offer of up to 20 million new shares with gross proceeds of up to $9.3 million.

The company intends to use the proceeds