AKVA Group ASA and Cermaq Chile Collaborate on Smolt Facility
AKVA Group ASA Announces Exciting Partnership with Cermaq Chile
AKVA group ASA is thrilled to share some promising developments regarding their collaboration with Cermaq Chile S.A. Recently, a Letter of Intent (LOI) has been awarded to AKVA, which signifies an upcoming contract related to a Recirculating Aquaculture System (RAS) for a new smolt facility in the Los Lagos region of Chile. This project is poised to enhance fish farming efficiency and sustainability in the area.
Details of the RAS Contract
The scope of the contract linked to the LOI revolves around a substantial value of approximately MEUR 30. This investment illustrates both companies' commitment to advancing the aquaculture industry through innovative technology and sustainable practices. Engineering and site work for the new smolt facility are set to commence in the fourth quarter of 2024, marking an exciting milestone for AKVA and Cermaq.
Importance of the Project for Aquaculture
The collaboration emphasizes AKVA Group ASA’s ongoing dedication to resolving biological challenges present in the aquaculture sector. With a strong focus on fish welfare and operational performance, this partnership aims to ensure sustainable and profitable solutions for customers. Whether through individual components or comprehensive systems, AKVA leverages extensive knowledge and innovation to cater to both land-based and sea-based fish farming needs.
Leadership and Contact Information
AKVA Group ASA is led by a talented team committed to driving their mission forward. For inquiries, the following individuals can be contacted:
Knut Nesse - Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 37 62 20
Email: knesse@akvagroup.com
Ronny Meinkøhn - Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 98 20 67 76
Email: rmeinkohn@akvagroup.com
About AKVA Group ASA
AKVA Group ASA stands out as a global technology and service partner in the aquaculture industry. Their offerings not only solve biological challenges but also emphasize a commitment to sustainability and profitability for their partners. The expertise and innovative spirit of AKVA become evident in their ability to deliver tailored solutions for various aquaculture applications.
Frequently Asked Questions
What is the purpose of the LOI between AKVA and Cermaq Chile?
The LOI signifies an upcoming contract for creating a new smolt facility aimed at enhancing fish farming efficiency through RAS technology.
What is the estimated value of the contract?
The contract linked to the LOI is valued at approximately MEUR 30.
When will the site work for the new facility commence?
Engineering and site work for the facility are expected to begin in the fourth quarter of 2024.
Who can I contact for more information about AKVA Group ASA?
For inquiries, you can reach out to Knut Nesse (CEO) or Ronny Meinkøhn (CFO) via the contact information provided above.
What challenges does AKVA Group ASA aim to solve in aquaculture?
AKVA focuses on addressing biological challenges while ensuring fish welfare and operational performance, which are crucial for sustainable and profitable aquaculture practices.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.