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Nordic Aquafarms decided to abandon its aquaculture project on the U.S. East Coast in January 2025.

"This is a sad day for Maine's economy and outlook for aquaculture or any significant investment in the State," said Nordic Aquafarms U.S. CEO, Brenda Chandler.

Charles Høstlund takes over the helm following the resignation of Bernt Olav Røttingsnes, who will remain involved with the company.

The fish farming company proposed an alternative land-based project 3,400 miles to the west.

The land-based fish farming company continues in its bid to establish a foothold in the United States, with the West Coast now looking more promising than the East Coast.

Norwegian-owned Nordic Aquafarms has received a key permission from California authorities for its planned land-based RAS facility raising yellowtail kingfish in northern California.