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Skretting to invest €15 million in Japan's aquafeed facility

The investment aims to strengthen the supply system for RAS feed and improve quality and also cover other species such as yellowtail.

Screenshot 2024-10-16 at 12-55-50 Committed to growth of RAS segment in Japan - Skretting
Joachim Nielsen, CEO of Proximar and Bastiaan van Tilburg, CEO of Skretting, posing together with Mt Fuji in the background. Credits: Skretting
October 16, 2024

During a recent visit to Japan, Skretting CEO Bastiaan van Tilburg unveiled plans to invest between EUR 10-15 million in Skretting Japan's Imari plant, to strengthen the supply system for RAS feed and improve quality. The investment will also cover feed produced in Japan for the yellowtail market, which is another focus area for Skretting.

Bastiaan also shared that Skretting Japan is working towards obtaining ASC feed standard certification, which will help position Japanese farmed fish for export. Japan is a key market for Skretting, and the company is focused on providing sustainable aquafeed to address challenges like rising raw material costs and climate change and improve the profitability of Japan's aquaculture industry.

On September 30, 2024, Japan witnessed its first-ever domestic harvest of Atlantic salmon, marking a significant milestone in the country's aquaculture industry. This salmon was raised in a RAS facility in Japan's Shizuoka Prefecture, which was built and operated by Norwegian firm Proximar Seafood in 2022.

Skretting holds a strategic partnership with Proximar, and since the start of the project, Skretting's global team has closely collaborated with the RAS team in Skretting Japan, to provide comprehensive quality monitoring services. This first harvest represents an operational achievement for both Skretting and Proximar.

“We are currently contributing 26 million meals of seafood a day, and it is essential that we have a protein supply system in place that can also cope with 2050 when the world's population is expected to reach 10 billion," Van Tilburg said.