Investors and Partners
Investors are invited to join us in scaling up our land-based salmon farm through SIFT Farm AS.
The salmon markets are robust. Demand is expected to grow more than supply over the coming decade, maintaining today’s high salmon pricing due to solid demand and limited production capacity expansion.
It is a very profitable project. As the first company, SIFT can cost-efficiently farm a lean wild-style salmon quality, expecting market prices of 100-150 NOK/kg live. The calculation shows this is realistic, with total production costs of about 50 NOK/kg at full scale, resulting in a return on the total investment above 30%. Share issues will be resolved with gradually increased pricing as risk is reduced. The intention is to trade the shares on the Oslo Stock Market after fine-tuning the first farm.
Technology risk under control. We are building on the industrial standard for flatfish. For many years, the Super-Intensive Farming Technology (SIFT) concept has been thoroughly tested through research and industrial aquaculture of sole and turbot.
Our system is built with automation that checks and detects hazards before they happen. Preventive built-in measures include a routine cleaning schedule that provides significant benefits. The system minimizes risk, optimizes water flow, improves fish health, ensures efficient waste removal, reduces manual work, provides consistent system performance, and enhances biosecurity. This sustainable footprint constitutes our technical trademark for a more efficient, reliable, and sustainable aquaculture operation.
We are well prepared for salmon. The farming technology has been designed, tested, and fine-tuned in our pilot farm in Tromsø since 2017. The plan is to build an eight-level full-scale commercial farm to grow salmon from eggs to market size, with an annual capacity of 2,500 tons. Future expansion targets 35,000 tons on available sites outside Tromsø. The investment costs are estimated at 180-200 NOK/kg capacity.
Favorable regulatory environment. Our SIFT closed farming system concept fully complies with all the major environmental concerns related to fish farming, from mortality caused by fish lice, algae, and bacteria in the incoming water to the disposal of untreated fish manure into the environment.
When the new regulations for farming market-sized food fish come into force in 2025, the company’s Norwegian pilot license will be gradually updated to accommodate them.
The primary new regulatory constraint to satisfy is that all intake water for the fish being treated by UV must be present in all future land-based fish farming. This requirement is already included in SIFT’s production scheme, which makes treating a small volume of make-up water easy.
Contact us for more information, business plan and term sheet.