Listed Norwegian cod-farming venture has been granted permission to establish a new production location in Nesna municipality, Nord-Norge, Norway, with a total maximum allowed biomass (MAB) of 3,600 mt. The new site will be equipped with state-of-the-art aquaculture technology and is planned to go into production in the first half of 2023.
Including Labukta, Norcod now has a total of five cod-farming sites along the Norwegian coast encompassing 19 licenses with MAB of 13,920mt in total.
“The company recently finalized its first full production cycle and is set to begin harvesting its second cycle in the third quarter of this year. It is also in the process of putting its third cycle of cod into the sea phase this summer.”
“We have been very well received by Nesna municipality, which we highly appreciate, and we look forward to continuing our excellent cooperation. We consider the site at Labukta to be perfectly suited for cod farming with good water depth, water temperature and current conditions. I am confident our fish will thrive here,” said Norcod CEO Christian Riber.
The mayor of Nesna municipality, Hanne Davidsen, added: “The arrival of Norcod is extremely important for Nesna and as mayor I am delighted it has been given the go-ahead to begin cod farming in our community. We wish them the best of luck and trust that we will continue to work together successfully in future.”
Go into production in the first half of 2023
The new site will be equipped with state-of-the-art aquaculture technology and is planned to go into production in the first half of 2023. “Setting up a new location is always an exciting process especially given our motivation to provide a healthy source of protein to an eager market. We have a highly skilled production team with many years of combined experience so I anticipate this will be a smooth and efficient process,” assured Riber.
Good community relations are also integral to Norcod’s strong commitment to responsible farming of premium product, according to a press release of the company. “Our ambition is to contribute not only to the industrial base of the coastal municipalities in which we are active, but also to support employment opportunities and ensure sustainable operations with minimal impact to the environment,” added Riber.
Involved in the entire value chain
It should be remembered that Norcod core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain.
“Norcod’s existing fish farms are located in Mid- and North Norway with ideal sea conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.”
According to its owners, Norcod is the culmination of a highly ambitious endeavor to raise premium Atlantic Cod sustainably and commercially. A massive challenge that’s never been solved—until now.
“Now in its sixth generation, our Cod is naturally bred in Norwegian fjords, bringing our customers a truly delicious product of consistent first-rate quality. Innovative partnerships across borders and industries allow us to tailor production to individual customer needs, effectively eliminating the traditional unpredictability in prices and supplies.”
“We’re proud to offer Atlantic Cod that’s praised by food professionals and private gourmands alike for its unparalleled flavor and freshness. Our Atlantic Cod is raised in a natural environment, yet we’re able to harvest and process the fish much faster than wild-caught stock. The cultivation of our North Atlantic Cod requires meticulous attention and care. Depending on sea temperatures, the process takes 15 to 18 months.” they explain.