AquaBounty (Nasdaq: AQB), a land-based salmon producer innovating to improve aquaculture productivity and sustainability, today celebrated the groundbreaking construction of its first 10,000 metric ton Atlantic salmon farm in Pioneer, Ohio. AquaBounty was joined at the groundbreaking event by partners CRB, Innovasea, local and government officials, and key Ohio economic development leaders.
“We are thrilled to have officially begun construction of our highly productive, next-generation facility in Pioneer, Ohio, which will serve as a model for the aquaculture industry and our continued expansion,” said Sylvia Wulf, CEO of AquaBounty. “This milestone comes after many dedicated teams have completed extensive scientific research, analysis, testing, modeling and regulatory review. We are also celebrating with the Village of Pioneer, Williams County, Regional Growth Partnership and the State of Ohio, which will benefit from the introduction of a new industry with new jobs and new opportunities in Northwest Ohio.
AquaBounty expects the cost of the project to be between $290 million and $320 million, including a potential contingency reserve of $30 million. The company expects commercial salmon roe seeding to begin in late 2023. Once fully operational, the farm is expected to create over 100 new jobs in the area.
CRB, a global leader in sustainable engineering, architectural, construction and consulting solutions for the food and beverage and life sciences industry, will lead the design and construction of the facility to AquaBounty. Innovasea, a global leader in technologically advanced aquatic solutions for aquaculture and fish monitoring, is designing Recirculating Aquaculture Systems (“RAS”) technology for the new farm.
“The installation of AquaBounty demonstrates the bold vision needed to defeat food insecurity on a global scale,” said Ryan Schroeder, president of CRB. “We are extremely humbled and grateful that our ONEsolution integrated approach plays a key role in uniting this vision with execution methods designed to deliver projects on time, within budget and with high quality.” “This is an important step in advancing aquaculture in the United States, and Innovasea is pleased to bring its RAS expertise to the project,” said Innovasea CEO David Kelly. AquaBounty’s state-of-the-art facility will go a long way to proving that commercial land-based aquaculture can be scaled up and remain both profitable and sustainable.”
“AquaBounty will establish its largest and most advanced facility here in Ohio,” said JP Nauseef, president and CEO of JobsOhio. “The farm will create more than 110 new jobs while bringing the next generation of food production technology to Williams County.”
“As the world’s population grows, we strive to efficiently feed a hungry world with a sustainable source of nutritious food,” Wulf said. “RAS technology and overall facility design, combined with proximity to major markets, will continue to generate a lower carbon footprint than overseas-produced flying salmon, as well as alleviate pressure on wild salmon stocks.” , while using natural resources responsibly and sustainably. »
AquaBounty offers a consistent supply of USA-raised salmon in a safe, secure, and sustainable manner. AquaBounty strategically places its farming facilities near major US markets to expedite the delivery of fresh, safe Atlantic salmon to consumers.