The Kingfish Company obtains final approval for Maine facility construction

The Kingfish Company obtains final approval for Maine facility construction

The town of Jonesport, Maine has approved Kingfish Maine's building permit application. With this local building permit, which is the final step, Kingfish can begin the pre-construction design and engineering.

The town of Jonesport is now drafting its findings of fact. Also, the Planning Board is expected to formally adopt and sign the building permit in early November.

Kingfish Maine is a wholly-owned subsidiary of The Kingfish Company. It will deploy the same advanced technology and operational excellence proven in the Netherlands. Once the Jonesport facility is fully operational, Kingfish Maine will be the largest producer of Yellowtail Kingfish in the U.S. and will provide local sustainable seafood for North American retailers and food service providers.

"With the final approval of our Jonesport building permit, we look forward to replicating our EU success in the U.S. with local production of high value Yellowtail," said Ohad Maiman, Founder and Chief Executive Officer of The Kingfish Company.

In addition, he noted: "The Jonesport community has supported our project from day one and our commitment to the town has never wavered. We value our continuing partnership with the town as we build out our sustainable land-based technology in the U.S."

About The Kingfish Company

The Kingfish Company is a leader in sustainable land-based aquaculture. The current annual production capacity in the Netherlands is 1,500 tons of high-quality and high-value yellowtail kingfish.

Besides, expansion is underway and capacity in the Netherlands will reach 3,500 tons in the second half of 2022. Further, in the US, permitting for the company's 8,500 tons capacity facility is progressing as planned.

Production is based on advanced RAS, which protects biodiversity and ensures biosecurity. Animal welfare is paramount, and the fish is grown without the use of antibiotics and vaccines. Operations run on 100% renewable energy, sourced from wind, solar, and biogas. The company's facilities operate on seawater, avoiding wasting of precious fresh water.

Finally, its products have certifications from Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP), and British Retail Consortium (BRC). It was the winner of the 2019 Seafood Excellence Award.

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