Artec Aqua AS has agreed with GeoSalmo to build an 18,900-tonne Atlantic salmon farming facility in Iceland. Therefore, Artec Aqua will deliver the design, engineering, construction, and commissioning of the complete facility. The total contract value is between NOK 1.5 and will be located in Þorlákshöfn, close to Reykjavik in Iceland.
Firstly, the Norwegian company created a sketch project in spring. "This is an exciting project that combines our hybrid technology with the advantages of being located in Iceland. Seawater is supplied from boreholes and naturally filtered through lava rock," Ingegjerd Eidsvik, CEO of Artec Aqua said.
"To be chosen as turnkey partner is a testament to Artec Aqua's track record from land-based aquaculture facilities and the unique competence of our team," she added.
On the other hand, Jeppe Raaholt, CEO of Endúr ASA, explained: "This contract represents a significant milestone for Artec Aqua. Being the first contract for construction of a full-scale grow-out facility outside Norway. It is a great recognition of the expertise and technology that Artec Aqua possesses."
To sum up, the start of construction is planned for the third quarter of 2023. Moreover, the technology in the facility will be Artec Aqua Hybrid SystemTM, where up to 70% of the water will be recirculated.
Regarding this agreement, Jens Þórðarson, CEO of Geo Salmo, indicated: "The combination of Artec Aqua's strong knowledge and proven technology were decisive in our choice of a turnkey supplier for our project. The partnership will ensure success in our goals of producing top-quality salmon to the highest sustainability standards."
Finally, Eidsvik confirmed: "Iceland has a rapidly growing fish farming industry. We hope that proving our competence and technology in Geo Salmo's project can open up further opportunities in the Icelandic aquaculture sector."