Norwegian partners sign landmark agreement for cod farming and processing collaboration (video)
Friday, January 10, 2020, 18:00 (GMT + 9)
Norwegian aquaculture venture Norcod AS has entered into a framework deal with west-coast compatriots Namdal Settefisk AS og Namdal Torsk AS for comprehensive collaboration within cod farming.
Norcod has also commenced a partnership with Namdal Seafood AS for fish slaughtering. The goal is to achieve year-round slaughter capacity by 2023 at Ne long-term objective is a joint slaughter volume of 36 000 tonnes annually. Sales of the fish will be conducted in partnership with Sirena Group.
amdal Seafood's facilities in Flatanger.
For Namdal Settefisk the agreement represents one of the group's largest ever cooperation deals with a single partner, with major implications for its activities within cod aquaculture, slaughter and processing in the future. Norcod says it is proud to be partners with a respected name in the aquaculture industry with a shared commitment to responsible and environmentally friendly farming operations and processing.
The first tranche of farmed cod is scheduled to be processed at Namdal Settefisk's facility on Otterøya in January 2020.
Trondheim-headquartered Norcod AS already has two state-of-the-art facilities in operation, with ambitious plans for another eight for start-up over the next few years. In terms of biomass, the company has privileged access to sixth-generation fry bred for optimal health and yield. The fish will be farmed in its natural cold-water habitat on Norway's west coast. Norcod aims to supply the strong market for fresh cod year-round amid growing demand globally for sustainably produced, healthy protein.