Nordic Halibut hopes limited consequences after escape of fish at Ørjavika

Nordic Halibut hopes limited consequences after escape of fish at Ørjavika

It is verified that 11,102 fish have escaped

Nordic Halibut AS has clarified that the escape of farmed halibut at its site at Ørjavika will have a limited impact on the company's economic position. More specifically, "guiding for 2022 or influence on the company's long-term growth plans of producing 4.500 tonnes HOG within 2026 and 9.000 tonnes HOG within 2030," CEO Edvard Henden stated.

According to the company, "the incident is handled by established procedures by the department and operations management".  To clarify the unit has now been emptied of fish and it is verified that 11,102 fish have escaped.

Firstly, the case has been notified to the Norwegian Directorate of Fisheries with a subsequent inspection and decision on orders in accordance with the Aquaculture Act and the NYTEK regulations. Nordic Halibut confirmed the good and seamless collaboration with the Directorate of Fisheries.

Finally, the company notified escape of farmed halibut is "rare". Moreover, Henden noted "the fish by nature is local and tend to stay around the site. This enables efficient recapture and minimizes the risk of negative environmental impact. The escaped fish is covered by insurance. Also, the isolated net liquidity effect is expected to be approximately NOK 3-4 million."

About Nordic Halibut AS

Nordic Halibut AS is a company based in Western Norway and with headquarters in Averøy, Nordmøre. It is a leading farmer of Atlantic halibut.

The Company has a fully integrated and well-developed value chain from genetics to sales and has had a significant breakthrough in early phase production.

The aim is to implement a growth plan to expand production volumes considerably. Nordic Halibut will create shareholder value by pursuing value-accretive organic growth through increased production.

Related Stories

No stories found.