Following on from its announcement on 3 October that it would freeze its investments in Norway if the country’s government introduces a new 40 percent resource rent tax on aquaculture, Oslo-based salmon producer Cermaq has terminated its purchase of 689 metric tons (MT) of maximum allowed biomass (MAB).
Cermaq Chief Sustainability Officer Lars Galtung said the proposed resource rent tax on salmon farming had created considerable
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The farmed salmon produced in Scotland last year was worth GBP 760 million (USD 865.5 million, EUR 872.2 million) to the country’s economy, a new industry study has found.
Trade body Salmon Scotland’s latest report determined the sector’s economic contribution grew by almost 20 percent in 2021 when compared to pre-COVID 2019 ...
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Norwegian salmon producers Cermaq and Nordlaks plan to freeze future investments in Norway if the country introduces a proposed 40 percent resource rent tax on salmonid farming.
Cermaq has invested more than NOK 5 billion (USD 460.9 million, EUR 471.8 million) in the two farming regions Nordland and Finnmark since 2016, and according to a press release, the company’s intention was to invest a similar amount in the coming
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Norwegian salmon producers Lerøy Seafood Group and Mowi have both canceled planned acquisitions of additional maximum allowable biomass (MAB) under Norway’s so-called “traffic-light system” of permitting in response to the government’s proposal to introduce a new 40 percent resource rent tax on salmonid farming.
On 3 October, Lerøy announced that it would not proceed with the 614-metric-ton (MT) MAB that it
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Glyvrar, Faroe Islands-based Atlantic salmon farmer Bakkafrost Group harvested a total 24,900 metric tons (MT) of head-on gutted (HOG) weight fish in the third quarter of this year, with increased volumes for the period from both its Faroese and Scottish operations.
Bakkafrost’s Faroese operations harvested a total 16,800 MT of salmon in the quarter, which represented an increase of 1,900 MT from the corresponding period of 2021
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To help support the United Kingdom’s aquaculture sector, the Centre for Innovation Excellence in Livestock has launched a new seed funding opportunity.
CIEL, which is one of the United Kingdom’s four agri-tech centers established as part of the government’s agri-tech strategy, recently expanded its remit to include research and innovation in aquaculture.
Businesses have until 3 October, 2022, to apply for a share of GBP 100,000
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The Faroese government has presented a proposal to its parliament that seeks to adjust the archipelago’s revenue tax on the salmon-farming industry beginning in 2023.
Its proposal includes three key revisions to the current revenue tax system, which was originally introduced in 2014.
In a filing with the Oslo Børs, Faroese salmon producer Bakkafrost stated that the planned changes are ...
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COVID-related supply chain disruptions and the United Kingdom’s departure from the European Union led member-states to become more dependent on products from third countries to meet the market’s demand for seafood in 2021, finds the new “Finfish Study 2022,” compiled by the E.U. Fish Processors and Traders Association (AIPCE-CEP).
The association’s analysis also determines that the trend has continued into 2022,
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Malakoff, France-based start-up Ozers confirmed opening a funding round to raise an additional EUR 300,000 (USD 298,000), having previously raised EUR 850,000 (USD 843,000).
The current product line consists of plant-based sports supplements marketed towards athletes, with its use of microalgae as ingredients seen as setting its range apart from similar offerings ...
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SalMar has confirmed that its chief financial officer, Gunnar Nielsen, has notified the company that he has resigned from his position. Nielsen has only been with SalMar since April 2022.
In a statement, SalMar said that it “has with regret accepted Nielsen’s decision” and will promptly start the process of recruiting his replacement.
Nielsen held the position of CFO at Faroe Islands-headquartered Bakkafrost between 2014 and
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