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The company says the milestone marks completion of its first full production cycle from egg to harvest in less than two years.

The Norwegian salmon farming company indicated it intends to pursue more partnerships in Europe, as Phase 2 of its land-based hybrid flow-through facility nears completion.

The Salmon Garden project in Reykjanes, Iceland, is expected to generate 100 new jobs and produce up to 30,000 tons of HOG salmon per year.

Premium trout producer Onnest has chosen Norwegian Optiras for the grow-out phase, and Danish Assentoft Aqua for the hatchery and juvenile stages.

Steinþór Pálsson is the company's new Chief Executive Officer, replacing Halldor Ragnar Gislason, who will continue to advise the new CEO for the present.

The facility is designed to produce 6,000 tonnes of rainbow trout per year, using circular resource flows.