Demerger plans were presented on the 2nd of June

The Board of Directors of Mowi ASA has finally sold the Egg and the Donut development projects.

Firstly, the Egg project comprises inter alia grants for 6 development licenses. Also, an agreement on the right to use the technology to be tested in the project.

Secondly, Project Donut comprises inter alia grants for 1.4 development licenses and the same above agreeement.

The demerger plans were presented to Mowi’s annual general meeting for approval on the 2nd of June. These plans have been submitted for registration with the Norwegian Register of Business Enterprises.

About the Egg project

Hauge Aqua Solutions AS presented a new robust enclosed technology for industrial fish farming. The aim of the ‘Egg’ was to enable sustainable growth in the aquaculture industry. The shape increases the speed of the water and henced vertical and centripetal forces on particles as the water flows to the top of the tank. 

The ‘Egg’ tank is 90% submerged and not visible during operation, whereas 10% is above the water and filled with ventilated air.  The structure is fully enclosed with a dome protecting against the flushing of waves into the unit. Also, it provides a sheltered and safe working area for personnel.