If you buy trout from a Helsinki supermarket, more likely than not, it was grown from egg to plate in a recirculating aquaculture systems (RAS) facility. Finnforel recently expanded its capacity to 3,000 metric tons a year, meaning two suppliers in the Scandinavian country — Finnforel and Fifax — account for almost half of global installed supply of trout…
Europe is cementing its status as the cradle of innovation for indoor shrimp farming innovation. Germany’s Aquapurna secured a €20 million investment led by K+S, one of the world’s largest fertilizer companies, and France’s Agriloops raised €13m in the past six months. There are now more operating farms in Europe than in Asia and with different investor profiles. Asian…
Land-based Aquaculture Update: In 2021, Spheric Research identified a group of companies poised to lead the way in the deployment of Recirculating Aquaculture Systems (RAS) technology. These projects will provide an industry benchmark, taking the focus away from the earliest innovators. 🔍 What’s Coming Next?: From Monday we will share a week of snapshot insights from our upcoming fourth edition report, highlighting…
Matt had a fun chat and lengthy Q&A session with EMBA students from UCLA while touring Chile. We discussed aquaculture, global seafood affairs, food security and the emergence of alternative proteins. UCLA toured salmon farms in a trip organized by Austral Group (a specialist in curated MBA travel programs). Matt happened to be In Puerto Varas for this group.
Spheric Research and Matt Craze feature prominently on Babbage, The Economist‘s science podcast. Science correspondent Abby Bertics does a really nice job unpacking the opportunity for RAS to become part of the global seafood supply chain, traveling to Norway to Salten Salmon AS ‘s post-smolt project and TransparentSea in California in a deep dive into the industry. David Cahill…
The Economist featured Spheric Research in its article “The future of fish farming is on land” (May 2023). The article examines cost challenges in RAS and highlights the role of hybrid systems in reducing water use while maintaining efficiency. It also references our analysis on economies of scale, noting that while smaller RAS farms face high costs, larger projects—if…
Our most recent infographic work has been featured in Undercurrent News latest story on cultivated seafood. The story covers the Jeff Bazos-backed cultivated seafood start-up, Wildtpye, which offers a new perspective on the cultivated meat and seafood sector. Justin Kolbeck, CEO of Wildtype, has welcomed calls from traditional salmon processors looking to collaborate. Unlike other voices in the industry, Kolbeck believes…
Matt Craze, partner at Spheric Research, presented data from the third annual Land-based Aquaculture Report at the North Atlantic Seafood Forum (NASF) today. The presentation focused on three potential growth scenarios of the land-based salmon and trout industry based off of data pulled from Spheric’s proprietary 2023 database, featured in this year’s Land-based Aquaculture Report. The presentation also included…
Sharm El-Sheikh, Egypt — Calysta, a company whose origins can be traced to the utopian vision of a 1960s oil executive, started making protein from methane on a commercial scale in October in China. France’s Innovafeed is building a giant insect protein factory in the US, bringing bug protein fed from the corn belt to pet food suppliers. Both breakthroughs mark a…
Matt Craze presented on “The Money Behind Aquaculture” at the Sea The Future conference on new food technologies held in Eilat, Israel, organized by Israel’s Agriculture Ministry. We were thrilled to present at this event alongside subject matter experts, including the United Nations’ Food & Agriculture Organization, global seafood expert Dr. Barry Costa-Pierce, and Trendlines Agrifood Innovation Centre CEO,…
Kimberley Player led the research department at…
We are excited to speak at the…
