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Aquabanq Announces New Plant For Salmon Farming On Land In The U.S.

Challenging established farming methods with sustainable alternative

<p>Championing sustainable farming practice, U.S.-based Aquabanq, Inc. is accelerating its plans for the land-based salmon production facility in the U.S. by at least 12 months.</p> <p>Current plans include the construction of an industrial-scale RAS-based plant capable of producing 10m pounds (5,000 metric tons) of head-on/gutted Atlantic salmon by 2022. Five additional RAS units will be added to double the production capabilities to 20m pounds (10,000 metric tons) of fish per year by 2025.</p> <p>Despite Norwegian analyst predictions (source: SpareBank1) for Atlantic salmon prices falling below US$7.00 per kilo (US$3.17/lb) in 2018, the spot price for Atlantic salmon recovered quickly and hit US$7.96 per kilo (US$3.61/lb) late last week (source: The Nasdaq Salmon Index/Fish Pool Index). &ldquo;We can easily compete with [open-pen] cage farming operators as our production costs are on a par at this point&rdquo; says AJ Shapiro of Aquabanq, but he continues &ldquo;the fish in closed-containment systems are not exposed to parasites and pollutants like sea lice and plastic, and unlike our competitors, we can guarantee a year-round production.&rdquo;</p> <p>The company&rsquo;s production units are based on a flexible, proven closed-loop system with optimized process logistics, low operating costs and a reduced footprint that makes them perfect for large-scale, sustainable onshore fish-farming operations. Each unit rears fish in large circular tanks with movable compartments separated in two closed-loop channels taking advantage of the circular tank&rsquo;s hydrodynamics.</p> <p>Aquabanq, Inc. is a subsidiary of U.K.-based Aquaculture Management and Holding Co. Ltd whose Atlantic salmon and steelhead production capacity in Europe is slated to reach 10 million pounds by 2021.</p> <p>Aquaculture Management &amp; Holding Co is led by AJ Shapiro and boasts Bent Urup as chief scientist and non-executive director.</p> <p>Find out more about the company at the official website <a href="http://www.aquabanq.com/">http://www.aquabanq.com/</a></p> <p>Contact:<br />Dana Bell<br />Company: Aquabanq, Inc.<br />Telephone: +1 (307) 257-5377<br />Address: 30 N Gould St Ste R, Sheridan, WY 82801, U.S.A.<br />Email: contact@aquabanq.com</p>

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