Norway Royal Salmon (NRS): Clarification on the production of triploid salmon
NRS
was granted 9 green licences at the end of 2014. In retrospect, later 9 other licences
owned by NRS was converted to green licences, giving NRS a total of 18 green licences.
NRS's green licences have several conditions and contribute to develop the
aquaculture industry towards a more sustainable production. One of the
conditions was to produce sterile fish with triploid salmon. In collaboration with the Institute of Marine
Research and other professional institutions, NRS has for many years made a
significant effort to develop and improve the production of triploid salmon. One
of the experiences with triploid salmon is that it seems to be more exposed to
bacterial and viral diseases.
As a
result, NRS has had a dialogue with the Ministry of Trade and Industry, where
the Ministry has come to the conclusion that they adjust the condition of use
of sterile fish until there is a decision of the authorities on whether
triploid production is fish welfare sound or not. Until such a decision is
made, the condition to use sterile fish must be met as far as this is permitted
by the Norwegian Food Safety Authority. Except for this, diploid fish can be
used in the production on the green licenses. The Norwegian Food Safety
Authority has concluded that no triploid smolts shall pe put in the sea after
the spring of 2022, and that all production of triploid salmon in the sea shall
be completed by the end of 2023. In the
period up to the end of 2023, NRS will gradually reduce production of triploid
salmon and replace this production with diploid salmon. The other conditions
for the green licences continue to apply unchanged. There is still a strong
environmental profile on the green licences, and consideration for fish welfare
have made an adjustment necessary until a decision on fish welfare soundness has
been made.
NRS is
satisfied with the decisions of the Ministry of Trade and Industry and the
Norwegian Food Safety Authority, and this clarification will give NRS
predictability in planning of the future production.
For more
information, please contact:
CEO Charles
Høstlund, +47 994 18 449
CFO Ola
Loe, +47 911 79 411
About Norway Royal Salmon:
The Norway
Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in
Troms and Finnmark, and 11 800 tonnes MAB for salmon farming and 5 300 MAB for
trout farming on Iceland through the company Arctic Fish. In addition, the
group has minority interest in two associated Norwegian fish farming companies
which together own 9 fish farming licenses. NRS is an attractively positioned
fish farming group, which offers salmon to the market through its own sales
organisation. For further details, please visit www.norwayroyalsalmon.com.
This
information is subject to the disclose requirements pursuant to section 5 -12
of the Norwegian Securities Trading Act