Rendered image of the project.
Photo by: FDR Japan.
The Japanese company specializing in sustainable land-based aquaculture, FRD Japan Co., Ltd., secured a capital increase through a third-party share allotment to The Norinchukin Bank.
The funds will be used to support the development and launch of FRD Japan’s next large-scale land-based aquaculture facility (Phase 3), following the ongoing construction of its commercial plant in Futtsu, Chiba Prefecture (Phase 2).
Specifically, the newly raised capital will help conduct feasibility studies, front-end engineering design (FEED), evaluate potential development sites, and strengthen the organization.
"FRD will continue to deepen its collaboration with NCB and its broader group of stakeholders as it moves toward the successful launch and stable operation of Phase 2, while accelerating the large-scale development of Phase 3," the company said in a statement.
Phase 2's major structural works, including the roofing of the plant, are nearing completion. FRD is already in discussions with potential buyers and has conducted trial sales, paving the way for shipments to begin in 2027.
The company's motto is 'Producing quality trout while keeping the ocean blue,' and it produces and markets trout under its own brand, Okasodachi®. In addition, it develops and operates proprietary closed recirculating aquaculture systems (C-RAS) powered by advanced, original water treatment technologies.
