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The company will be guaranteed renewable energy for its land-based salmon farming facility which is expected to start operations in March 2022.
Salmon Evolution has entered into a strategic partnership agreement with Cargill, which will include an investment and an aquafeed supply contract.
US ag giant Cargill will invest $5 million in and enter into a feed supply partnership with Norwegian land-based farmer Salmon Evolution for a planned
Cargill will invest $5 million in the company by way of a private placement.
The company, who has also has a joint venture with Korean seafood giant Dongwon, is on target to place fish in tanks at its Norwegian farm by March 2022.