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Proximar raises farm capex estimate ahead of first hatchery release

Land-based salmon farm Proximar Seafood has raised its total capex estimate for the project by 6% to NOK 1.1bn, but expects much of this to be offset by raising debt in JPY

By Undercurrent News | Feb. 24, 2023 10:04 GMT
The current state of construction at Proximar's Japanese land-based salmon farm, as of the end of December 2022. Credit: Proximar Seafood
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Japanese land-based salmon farming project Proximar Seafood has raised its budget estimates for the new farming facility, while it prepares for the first release of fry into its nursery, it announced in its H2 report [...]

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