Last week, Spheric Research was on the ground in Guayaquil, Ecuador, for AquaExpo 2024, the premier event for the region’s aquaculture industry. Organized by the Cámara Nacional de Acuacultura from October 21-24, the expo provided a firsthand look into the epicenter of global shrimp farming, an industry undergoing historic expansion while navigating significant challenges. Our time at the event…
Chile, the world’s second-largest salmon farmer after Norway, pioneered the use of RAS technology in the noughties to underpin net pen farming. However, in the past decade, Norway (and the Faroe Islands) has eclipsed Chile in this space. Norwegian giants from Mowi to SalMar have led the so-called post-smolt boom, taking juvenile fish from beyond a traditional size of…
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…
On the second day of the Blue Food Innovation Summit held in London, Matt Craze presented and hosted a panel about RAS ”Overcoming Challenges to Scale and Diversification Across Species”. The panel was comprised of recognized industry executives, including Ohad Maiman, CEO of Kingfish Company, Erik Tveteraas, Investment Director at Nutreco and Yoram Layani, Partner of 8F Asset Management.
I got a tip from Norwegian equity analyst Christian Olsen at Kepler Cheuvreux that there was a potentially disruptive South Korean salmon company farming salmon offshore. As Seoul is a short hop over the Yellow Sea from Qingdao and the China Seafood conference, I decided to investigate further. Donghae STP was enormously accommodating and planned a meticulous agenda for my…
Salmon executives are treated to the impressive volcano views of Puerto Varas when they visit the bi-annual AquaSur event in southern Chile. AquaSur rotates with the AquaNor salmon trade fair, which is traditionally held in Trondheim, Norway.The theme this year was unquestionably the future of omega-3 feed ingredients in the salmon industry. Veramaris, the joint venture of Royal DSM…
Kimberley Player led the research department at…
We are excited to speak at the…
