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The company said the funding will support detailed engineering for its planned 6,000-ton rainbow trout facility in central Sweden.

FRD is already in discussions with potential buyers and has conducted trial sales, paving the way for shipments to begin in 2027.

Innovasea’s vacuum degasser was installed as part of modernisation efforts at the Mantua Fish Hatchery, first built in 1910, which the company says has helped improve water conditions for broodstock.

Smart Green Aquaculture Limited will be responsible for leading the project to farm this high-value cold-water species.

Søren Mattesen, who will remain in his current position until the end of February, will begin a new role as Business Developer at AquaPri in March.

Currently, the aquaculture company operates a super-intensive shrimp farm, certified by the Aquaculture Stewardship Council (ASC).