Gaia Salmon

Overview
Sustainable Aquaculture?
Product stageSegments
Minimum Viable Product
?
Farming (Finfish)
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Gaia Salmon is a land-based fish farming company in Norway, focusing on salmon production. The company aims to produce between 8,000 and 10,000 tonnes of post-smolts weighing up to 800 grams annually at its facility in Traena, Nordland. This post-smolt facility, part of Gaia's broader goal to reach annual production of 50,000 tonnes of head-on-gutted salmon within 10 years, is expected to start operations in May or June 2024. The facility, constructed at a cost of NOK 1 billion, spans 15,000 square meters and includes 12 tanks in three recirculating aquaculture system (RAS) departments, with a total vessel volume of approximately 36,000 cubic meters. Gaia Salmon emphasizes sustainability in its operations, collecting all sludge in the plant for energy reuse, which is expected to reduce emissions at sea and decrease the company's CO2 footprint by more than 30%. The company also claims that the facility will be a world leader in energy consumption.

Key customers and partnerships

The Traena facility is expected to create 17 new jobs in the local community, which has a population of 440 inhabitants. The mayor of Traena and the local municipality have expressed support for the project due to its potential economic benefits, including job creation and the possibility of attracting new residents to the area.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Lapphellveien 11 Hemnesberget NOR
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 15.7 mn
Last Funding:
USD 15.7 mn (Corporate Round; Dec 2022)
Last valuation:
USD 61.9 mn (Dec 2022)
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