Aquabanq Announces New Plant For Salmon Farming On Land In The U.S.

Challenging established farming methods with sustainable alternative

ID: 1533647
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(businesspress24) - Championing sustainable farming practice, U.S.-based Aquabanq, Inc. is accelerating its plans for the land-based salmon production facility in the U.S. by at least 12 months.

Current plans include the construction of an industrial-scale RAS-based plant capable of producing 10m pounds (5,000 metric tons) of head-on/gutted Atlantic salmon by 2022. Five additional RAS units will be added to double the production capabilities to 20m pounds (10,000 metric tons) of fish per year by 2025.

Despite Norwegian analyst predictions (source: SpareBank1) for Atlantic salmon prices falling below US$7.00 per kilo (US$3.17/lb) in 2018, the spot price for Atlantic salmon recovered quickly and hit US$7.96 per kilo (US$3.61/lb) late last week (source: The Nasdaq Salmon Index/Fish Pool Index).

The company

Aquabanq, Inc. is a subsidiary of U.K.-based Aquaculture Management and Holding Co. Ltd whose Atlantic salmon and steelhead production capacity in Europe is slated to reach 10 million pounds by 2021.

Aquaculture Management & Holding Co is led by AJ Shapiro and boasts Bent Urup as chief scientist and non-executive director.

Find out more about the company at the official website http://www.aquabanq.com/

Contact:
Dana Bell
Company: Aquabanq, Inc.
Telephone: +1 (307) 257-5377
Address: 30 N Gould St Ste R, Sheridan, WY 82801, U.S.A.
Email: contact(at)aquabanq.com



More information:
http://www.aquabanq.com/



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aquabanq, the-nasdaq-salmon-index, fish-pool-index, plastic, production, flexible, proven-closed-loop-system,



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published by: AndrewBrown
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Date: 03/13/2018 - 10:01
Language: English
News-ID 1533647
Character count: 2305
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Firma: Aquabanq, Inc.
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