The €25 million facility, funded by a group of local investors, is expected to be completed by end of next year.
AquaMaof chief executive David Hazut said: “We are extremely honoured to be selected by a group of esteemed local investors, after a thorough evaluation process, that carefully assessed several available RAS technologies.
“We take great pride in supporting our customers in their mission to offer fresh, healthy, locally-produced salmon to the local population, that today consumes mostly frozen imported fish.”
One of the investors, Alexander Churkin, said: “We are excited to embark on this unique project and confident in its success.
“We have recognised the immense need for locally-produced, high-quality fish, free of antibiotics and other substances. Through a meticulous due-diligence process we examined several companies that can provide a turn-key RAS project, for the grow-out of salmon, and chose AquaMaof for its extensive and proven experience in similar projects. I am certain that we will have a constructive, fruitful cooperation.”
The new facility will include hatchery, nursery, and full grow-out areas, as well as management and operational zones.
AquaMaof’s customers include Grieg NL, which has commissioned the Israeli company to build the hatchery for its 33,000-tonnes-per-year cage farming project in Placentia Bay, Newfoundland.
Pure Salmon, a company founded by investment fund 8F, has also chosen AquaMaof as its technology partner to build a number of on-land salmon farms around the world. The deal includes buying a half share in AquaMaof’s 580-tonnes-per-year RAS salmon farm and R&D facility in Poland.