Recently in our Podcast Series with Undercurrent News, our founder Matt Craze interviewed the CEO of the world’s largest land-based salmon company, Atlantic Sapphire. During the 30-minute interview several points were discussed ranging from the operations of their main facilities at Miami and Denmark to the performance of salmon smolt in closed systems.
Atlantic Sapphire achieved a massive stock exchange valuation of $1 billion for its groundbreaking effort to build a major RAS facility near Miami. The facility when reaching its nameplate capacity is expected to produce 220,000 metric tons of atlantic salmon a year, more than half of current US demand for Atlantic salmon.
Kudos to Johan for speaking plainly and with candor about the challenges of transforming a major recirculating aqua system (known as RAS) from entrepreneurial vision to reality.
You can have access to the interview here:
Hello Matt
Relative to the company presentation a couple of years ago the problems at AS have resulted in decreased cash flow in excess of $100 million. It would be very helpful to know how this is being handled. Maggie Fried of CERO syndicate has indicated that it is one of her main concerns with RAS startups.
There have also been a lot of changes in the executive suite in a very short period of time. Explanations for such turmoil would also be enlightening.
Thanks
Brad Hicks