AquaMaof to build a 2,500-ton Atlantic Salmon RAS facility in Russia

In an estimated 25 Million Euros project, financed by local investors, the facility is expected to be ready for first batch of eggs towards the 4th quarter of 2019.

AquaMaof to build a 2,500ton Atlantic Salmon RAS facility in Russia
December 31, 2019

Israel-based AquaMaof Aquaculture Technologies Ltd., a world leader in recirculating aquaculture technology and turn-key projects, reports that in a ceremony held on October 18, in the presence of the governor of Vologda region, Mr. Oleg Kurshinikov, a contract was signed between AquaMaof and a group of local investors, for the design and construction of RAS (Recirculating Aquaculture system) facility, that will produce 2,500 ton of market-size Atlantic Salmon. Estimated at 25 million Euros project, the construction is expected to be completed by end of 2019.

David Hazut, CEO of AquaMaof, said, "We are extremely honored to be selected by a group of esteemed local investors, after a thorough evaluation process, that carefully assessed several available RAS technologies. We take great proud in supporting our customers in their mission to offer fresh, healthy, locally-produced Salmon to the local population, that today consumes mostly frozen imported fish".

Alexander Churkin, Investor, said, "We are excited to embark on this unique project and confident in its success. We have recognized the immense need for locally-produced, high-quality fish, free of antibiotics and other substances. Through a meticulous due-diligence process we examined several companies that can provide a turn-key RAS project, for the grow-out of salmon, and chose AquaMaof for its extensive and proven experience in similar projects. I am certain that we will have a constructive, fruitful cooperation."

The new facility will include hatchery, nursery, and full grow-out areas, as well as management and operational zones. AquaMaof advanced Minimal Liquid Discharge (MLD) technology utilizes proprietary water recycling techniques. At the core of the company's RAS technology is efficient power consumption, dramatically reducing costs of energy. No antibiotics and no chemicals in the process allow for the production of healthy, natural product. Biosecurity is paramount, and complete environmental control ensure that fish are grown in an environment which promotes their highest health and welfare status. With a robust design and construction, the facility requires minimal maintenance, while optimized feeding modes and advanced feeding management system – enable reduction of the Feed Conversion Ratio (FCR) and operational costs.

"Commitment being a leading value, we will support our customers throughout the process, working closely with them to provide advice regarding nutrition, stocking, production parameters, and system maintenance. We will also train their staff to ensure complete independence in ongoing operations. This close support will continue long after the facility in operational, to ensure that the facility in not only producing high-quality healthy and tasty fish, but also succeeds financially and enables quick ROI (Return on Investment) to the investors" concluded Hazut.