Andfjord Salmon is a pioneering company in the aquaculture industry, specializing in sustainable salmon farming. The company operates in the Arctic waters at 69 degrees north, combining the benefits of ocean net pens and land-based aquaculture to ensure optimal salmon welfare and sustainable production. Andfjord Salmon is committed to the United Nations' sustainability goals and has received significant financial backing, including a NOK 14 million grant from Innovation Norway. The company serves clients in the seafood industry, including leading players like Nutreco and Group, who have made strategic investments in Andfjord Salmon.

Andfjord Salmon's business model focuses on creating an environmentally friendly and fish-friendly onshore facility with minimal environmental impact. The company generates revenue through the sale of sustainably farmed salmon, leveraging innovative technologies that reduce energy consumption by eliminating the need for pumping, heating, or cooling.

Key milestones include the successful filling and testing of their first pool, the appointment of key personnel, and the listing on Merkur Market. The company is on track for the release of smolt in Q2 2022 and continues to make strides in its construction and operational plans.

Keywords: sustainable, salmon farming, Arctic waters, aquaculture, ocean net pens, land-based, Innovation Norway, seafood industry, strategic investments, minimal footprint.