AquaBounty Technologies selected Innovasea as its RAS technology provider for its planned 10,000- ton farm, “Farm 3” and plans to leverage Innovasea’s suite of solutions encompassing facility design and equipment supply. Their collaborative approach focuses on meeting the customer’s unique requirements to address their specific needs.
AquaBounty continues to make progress on the design and engineering work for the facility with an expected total build cost in the range of $140 to $175 million. The company continues to expect construction to begin in 2021 and anticipates the farm will be ready to commence commercial production in 2023.
“We are pleased to announce Innovasea as our RAS provider for Farm 3, combining best-in-class technology with our experienced, passionate team,” said Sylvia Wulf, chief executive officer of AquaBounty. “Innovasea is a leader in the industry, combining deep expertise in implementation with intelligent, connected RAS technology used in tier-1 installations globally. Leveraging their RAS solutions and our AquAdvantage salmon, we believe we are building a next-generation, highly productive facility that will serve as a model for the industry.”
“In addition, though we previously identified Mayfield, Kentucky as our leading site for Farm 3, our subsequent confirmatory diligence has indicated that an alternate top site may be superior. The Commonwealth of Kentucky has been a tremendous partner in this process, and one of our alternate sites is located there. Our rigorous selection process has allowed us to pursue two additional sites located in the Midwest to ensure we have the optimal location for our farm,” added Wulf.