Doubling production
This strategic funding round will enable Kingfish Zeeland to double their current production capacity of 500 tonnes per year, as well as prepare for their next steps towards large-scale production across both US and Europe. Nutreco is taking part in this investment round together with several other investors (including France based Creadev and Netherlands-based Rabobank Corporate Investments).
In addition to the investment made in Kingfish Zeeland by Nutreco, the companies will also cooperate on further development of best in class RAS feeds.
CEO of Skretting, Nutreco’s aquaculture division, and Nutreco COO Therese Log Bergjord says, “Skretting is a world leading partner for RAS producers. Kingfish Zeeland’s knowledge of farming yellowtail kingfish in RAS coupled with our expertise on high quality RAS feeds will help further integrate farming and feed solutions towards optimal fish performance, and will help further develop this highly sustainable form of aquaculture.”
Kingfish Zeeland CEO, Ohad Maiman, comments, “We are excited to develop a partnership with a strategic industry leader such as Nutreco, and work closely with its aquafeed division Skretting. As we enter the scale up phase of our mission to advance a first mover position in the sustainable production of premium seafood, we see strong alignment with Nutreco’s mission and values, and are grateful for their strong support and vote of confidence. This partnership will help Kingfish Zeeland accelerate large-scale production of yellowtail through RAS across the US and European markets, and is a critical milestone in our development.”
Skretting is currently delivering juvenile feed to Kingfish Zeeland operations, and the companies will be working towards broader cooperation on the feed moving forward.