Artec Aqua inks deal for land-based salmon facility in South Korea
Monday, June 21, 2021
Endúr ASA’s wholly-owned subsidiary Artec Aqua AS signed an agreement with K Smart Farming Co., Ltd. (KSF) to conduct a feasibility study for a 20,000 ton land-based salmon farming facility in South Korea. The agreement includes an intention for Artec Aqua to conduct engineering, delivery, installation and commissioning of designed process-related systems and equipment in the future build-out of the project.
“We are delighted to secure this feasibility study, which puts us in pole position to deliver the full turnkey build-out of this exciting salmon farming facility in South Korea,” said Ingegjerd Eidsvik, CEO of Artec Aqua.
KSF is a joint venture between Norway-based Salmon Evolution ASA and Korean seafood giant Dongwon Industries Co., Ltd. The KSF joint venture plans to develop, construct, and operate a land-based salmon farming facility with an annual production capacity of 20,000 tons live weight of harvestable Atlantic salmon in South Korea. The project plans to use a hybrid flow-through system technology, such as the one Artec Aqua is delivering to Salmon Evolution’s land-based facility at Indre Harøy in Norway.
“Salmon Evolution has through our cooperation at Indre Harøya gained the first-hand experience of our specialist competence within engineering and delivery of land-based aquaculture facilities, and consequently they have introduced us to K Smart Farming. We look forward to working with K Smart Farming to realize this project. The project represents an important step on our journey towards becoming a major international supplier of land-based aquaculture facilities,” added Ingegjerd Eidsvik.
Photo caption: Back row: Håkon A. Berg, CEO Salmon Evolution (left) and Myoung Woo Lee, President & CEO Dongwon Industries (right). Front row: Yun Kiyun, President & CEO K Smart Farming (left) and Ingejerd Eidsvik, CEO of Artec Aqua (right).
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