Nordic Aqua Partners will provide the Chinese market with live, high-quality Atlantic salmon farmed in a sustainable and state-of-the-art Recirculating Aquaculture System (RAS) facility located in Xiangshan county of Ningbo.
Nordic Aqua Partners A/S is a public limited liability company incorporated in Denmark on 10 November 2016, organized and existing under the laws of Denmark pursuant to the Danish Companies Act . The Company's registered office is located at Hundegade 1, 6760 Ribe, Denmark.
Nordic Aqua Partners A/S headquarter is located in Dagmarsgade, Ribe, Denmark. The water tower was built in 1887.
The Subsidiary's legal and commercial name is Nordic Aqua (Ningbo) Co. Ltd, a private limited liability company organized and existing under the Law of the People's Republic of China (the "PRC"). The Subsidiary was incorporated in China on 18 May 2018. The Subsidiary's registered office is located at Kengtou Hill of Zhumen Village, Gaotang Island, Xiangshan County, Ningbo, China.
Nordic Aqua (Ningbo) Co., Ltd has an office address at A3-Room 209, No. 89 Jinchuan Road, Nordic Industrial Park, Zhenhai, Ningbo, P.R.C
Our mission is to be first to deliver live and locally farmed Atlantic salmon direct to the Chinese consumer, saving airfreight cost and import duties and significantly reduce carbon footprint.
To achieve our mission, Nordic Aqua Partners uses only state-of-the-art technology and best farming practices to demonstrate how China can sustainably satisfy its fast-growing appetite for high-quality protein.
In succeeding with our mission, NAP will play a leading and visible role in the ongoing restructuring of the Chinese aquaculture industry towards efficiency, self-sufficiency and sustainability.
China is by far the largest consumer and producer of seafood in the world, and China will account for 51% of global consumption growth the next 8 years. The Central government has therefore implemented a strategy to become more self-sufficient meeting future demands. This includes utilizing advanced Recirculating Aquaculture System ("RAS") technology based on sustainable aquaculture farming, to improve efficiency, food quality and safety.
Atlantic salmon is still relatively new to the Chinese consumers, with an annual consumption of ~100,000 tons in 2019. The CAGR is ~ 15%, with an assumed annual consumption of 200,000 tons by 2025. It is expected that the consumption will continue to grow as Atlantic salmon becomes familiarized as a healthy source of protein in the normal Chinese household. Today, all Atlantic salmon is imported, mostly by air, resulting in fresh salmon being 4 days old when introduced to the market, and with a high carbon footprint.
Nordic Aqua Partners uses cutting-edge Nordic technology and expertise built up over many years to set up the first fully integrated and commercially scaled RAS farm for Atlantic salmon in China, thus being able to deliver truly fresh Atlantic salmon direct to the consumer. Our concept also avoid significant airfreight costs and import duties and fees, making our salmon very competitive with an attractive EBIT/kilo. Chinese consumers are known to pay a premium price for freshness and quality seafood, produced in a sustainable RAS system, offering full traceability from hatching to finished product.
The RAS farm is located on the Gaotang island, in Xiangshan county of Ningbo municipality, providing excellent logistics to Greater Shanghai and the rest of China. The dedicated land area has a potential to accommodate an annual production capacity of 16,000 tons, with further expansion option to reach annual capacity of 40,000 tons of Atlantic salmon.
Ningbo is one of China's oldest cities, with a history dating to the Hemudu culture in 4800 BC. It has since developed to a modern city with a population of + 10 millions.
OUR EXPANSION OPTIONS
Phase I will achieve an annual capacity of 8,000 tons by 2026, with a defined plan and approval granted to reach a capacity of 16,000 tons on current land area by 2027 (Phase II). For Phase III, the company has an option to expand on current location to reach a total capacity of 40,000 tons. Alternatively, or in parallel, the concept can be duplicated, and RAS farms can be set up on other locations in China, such as Greater Beijing and Hongkong. The current facility will be used to train local RAS operators to allow for such expansion and duplication in due course.
OUR INDUSTRIAL PARTNERS
AKVA group has more than 30 years of aquaculture engineering experience. Their team of world leading experts are renowned for designing sustainable recirculation and land-based fish farming systems that are second to none. Nordic Aqua Partners has executed a turnkey contract with AKVA group to design, deliver, install and commission the fully integrated RAS system. AKVA group is also contracted to provide necessary training, supervision and support during operation, to assure proper operation as per requirements and expectations, and both companies have agreed to a technical data exchange program to assure that the best technology are implemented at all time.
Skretting is the global leader in providing innovative and sustainable nutritional solutions and services for the aquaculture industry. Skretting will provide their latest development within specialised RAS feed from their dedicated product line in the vicinity of Ningbo, thus assuring stable supply of quality and sustainable nutrition for the full cycle from hatchery to grown out salmon. Skretting will also provide support from the Skretting Aquaculture Research Centre (ARC), which comprises an international team of scientists specializing in fish and shrimp nutrition, health and feed production, as well as experts in conducting trials and analyses. Collectively, the achievements of Skretting ARC contribute to the economic viability and sustainability of the aquaculture industry, now made available to Nordic Aqua Partners. Skretting's total annual production volume of feed is more than 2 million tonnes. The head office is located in Stavanger, Norway. Skretting is the aquaculture division of Nutreco, a world leader in animal nutrition. Nutreco's mission is Feeding the Future.
OUR LOCAL PARTNERS
Local Government support is very important when setting up new businesses in China. Sustainable and RAS based salmon farming is an encouraged business in China, and the local government of Ningbo and Xiangshan have supported the project from the very beginning. This is demonstrated in the Cooperation Agreement already executed between the Xiangshan government and Nordic Aqua (Ningbo) Co. Ltd, in which the government provides land, infrastructure, utilities and tailor-made facilities on a long-term lease at favorable terms, including an option to purchase within the terms.
Ningbo University Design Company has been awarded the design contract for the infrastructure and facilities. All design requirements are provided by company and AKVA Group to the design company, having the overall responsibility to assure that the construction are made in accordance with requirements and in compliance with applicable rules and regulations, all the way until the final construction are fully certified, approved and handed over to company.