Mitsubishi and Maruha Nichiro enter joint venture to build land-based salmon farm

Mitsubishi and Maruha Nichiro have established a joint venture called “ATLAND Corporation” to farm Atlantic salmon on land using proceeds from Japan’s first blue bond.

Through the joint venture Mitsubishi and Maruha Nichiro plan to build a land-based recirculating aquaculture system (RAS) facility with a capacity of 2,500 metric tons (MT) (live weight equivalent) in Nyuzen Town in Toyama Prefecture, aiming to start operations in 2025 and to complete the first delivery in 2027. The two companies…