Grieg mothballs USD 73 million Blu Farm offshore project in response to tax proposal

Bergen, Norway-headquartered Grieg Seafood has put its offshore project Blu Farm on hold in response to the Norwegian government’s proposed rent resource tax for salmon farming.

With an investment framework of NOK 750 million (USD 73.7 million, EUR 71.7 million), Grieg was planning to build the offshore farm in the Rogaland area, having earned approval for it from the Norwegian government in 2017 …