We frequently get questioned if any land-based aquaculture companies are profitable. Our current answer: look at Stolt Sea Farm‘s earnings. Part of
publicly traded shipping and logistics firm Stolt-Nielsen, this producer of sole and turbot last recorded a loss in Q2 2021, a time when the pandemic hit the foodservice hard and the company traditionally experiences its weakest sales before the summer period. Stolt Sea Farm is beginning to show salmon industry-like profitability.
Elsewhere in this month’s October edition of the Land-based Aquaculture Monitor (LBAM), we highlight BIGakwa’s 6,000 tpy trout project in Sweden advancing to the detailed engineering phase. Pretty soon, there will be more than 100,000 metric tons-a-year of salmonid RAS, flow through (FT) and hybrid flow through (HFT) projects under construction in several parts of the world. That’s why we predict investment deal flow will top $2 billion this year, and land-based salmon will become a 200,000 ton-a-year industry by 2030.
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