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    Aquatic Partners Overview Land-Based Aquaculture 2019

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    Robertas Kupstas
    Land-based aquaculture using recirculation aquaculture systems (RAS) is a promising solution to meet the growing global demand for fish. RAS allows for fish production on land, reducing costs through water reuse and precise environmental control. If planned expansions are realized, RAS could produce as much salmon as regions like Canada. RAS is a commercially viable technology that has proven successful for a variety of fish species. Economic analyses show land-based aquaculture can be profitable, with some projects achieving over 25% annual returns and paying back initial investments in under 10 years. RAS addresses issues facing traditional aquaculture and positions land-based systems to play a major role in sustainably feeding the world.

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    Aquatic Partners Overview Land-Based Aquaculture 2019

    Uploaded by

    Robertas Kupstas
    78 views2 pages
    Land-based aquaculture using recirculation aquaculture systems (RAS) is a promising solution to meet the growing global demand for fish. RAS allows for fish production on land, reducing costs through water reuse and precise environmental control. If planned expansions are realized, RAS could produce as much salmon as regions like Canada. RAS is a commercially viable technology that has proven successful for a variety of fish species. Economic analyses show land-based aquaculture can be profitable, with some projects achieving over 25% annual returns and paying back initial investments in under 10 years. RAS addresses issues facing traditional aquaculture and positions land-based systems to play a major role in sustainably feeding the world.

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    land based salmon farming

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    Aquatic Partners Overview Land-based Aquaculture 2019

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    Land-based aquaculture using recirculation aquaculture systems (RAS) is a promising solution to meet the growing global demand for fish. RAS allows for fish production on land, reducing costs through water reuse and precise environmental control. If planned expansions are realized, RAS could produce as much salmon as regions like Canada. RAS is a commercially viable technology that has proven successful for a variety of fish species. Economic analyses show land-based aquaculture can be profitable, with some projects achieving over 25% annual returns and paying back initial investments in under 10 years. RAS addresses issues facing traditional aquaculture and positions land-based systems to play a major role in sustainably feeding the world.

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    © All Rights Reserved
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    78 views2 pages

    Aquatic Partners Overview Land-Based Aquaculture 2019

    Uploaded by

    Robertas Kupstas
    Land-based aquaculture using recirculation aquaculture systems (RAS) is a promising solution to meet the growing global demand for fish. RAS allows for fish production on land, reducing costs through water reuse and precise environmental control. If planned expansions are realized, RAS could produce as much salmon as regions like Canada. RAS is a commercially viable technology that has proven successful for a variety of fish species. Economic analyses show land-based aquaculture can be profitable, with some projects achieving over 25% annual returns and paying back initial investments in under 10 years. RAS addresses issues facing traditional aquaculture and positions land-based systems to play a major role in sustainably feeding the world.

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    Overview why land-based Aquaculture

    Aquatic Partners
    Facts about the Fish & Seafood Market Aquaculture – a new protein generation
    • Fish represents one of the most traded segments of the • Aquaculture is one of the most efficient ways to produce
    world food sector with about 78% of seafood products to be easily digested, high-quality proteins containing all
    exposed to international trade competition essential amino acids
    • World per capita apparent annual fish consumption on • Fish provides essential unsaturated fats (long-chain
    average continues to increase – up from 9.9 kg in the 1960s omega-3 fatty acids), vitamins (D, A, B) and minerals
    to preliminary estimates exceeding 20 kg in 2015 (including calcium, iodine, zinc, iron and selenium)
    • In 2014 the aquaculture sector’s contribution to the supply
    of fish for human consumption overtook that of wild-caught Beef Chicken Pork Fish
    fish for the first time
    Feed conversion 4-10 2.2 3 1.2
    • In 2014, 28.5% of all FAO database registered species or a Energy retention 27% 10% 14% 27%
    total of 580 species are farmed around the world (species
    Protein retention 15% 21% 18% 24%
    items include 362 finfishes, 104 molluscs, 62 crustaceans
    and 37 aquatic plants) Edible yield 41% 46% 52% 68%
    Edible meat per
    • In 2013, fish accounted for 17% of the global population’s 4-10 kg 21 kg 17 kg 57 kg
    100 kg feed
    intake of animal protein and 7% of all protein consumed

    Supply growth
    For centuries, fish and seafood has been one of the most important food staples. Overall, world supply of fish for human
    consumption has kept ahead of population growth over the past five decades, growing at an average annual rate of 3.2%,
    compared with 1.6% for world population growth. With capture fishery production relatively static since the late 1980s,
    aquaculture has been responsible for the impressive growth in supply of fish. In addition, other factors that have contributed
    including reductions in wastage, better utilization, improved distribution channels, and growing demand linked to population
    growth, rising incomes and urbanization. The total value of the fish and seafood value chain today amounted to about
    USD 800 billion (14% production, 38% processing, 48% distribution).

    World capture fisheries and aquaculture production World fish utilization and supply

    Increasing demand The answer is Aquaculture


    Growing consumption (kg per person per year) • Production of aquatic animals from aquaculture in 2014
    amounted to 74 million tons, an increase of 25% compared
    to 2010, with an estimated first-sale value of USD 160 billion
    • Importantly in terms of food security and the environment,
    about half of the world’s aquaculture production of animals
    and plants came from non-fed species

    Fish supply (million tons) 2010 2014 2030e


    Aquaculture 59 74 123
    Capture 89 93 88
    Total supply 148 167 211
    % of aquaculture 40% 44% 58%

    Sources (front and back): Food and Agriculture Organization of the United Nations (FAO), DNB Markets, Kontali, Eurofish International, Aqua-Partners, Veolia
    (Kruger), AKVA Group, Company Information, Bonafide, Aquatic Partners; 2016-2018
    The Opportunity in Aquaculture is Onshore RAS can basically be applied for any Species
    Land-based aquaculture of various species has been around
    for some time, with production all over the world. The
    development of Recirculation Aquaculture Systems (RAS),
    which reuse water, has been a game changer for fish
    production, reducing energy costs and increasing control of
    water quality to keep conditions optimal for growth and
    welfare of the fish. RAS is now an “off-the-shelf” technology
    that can be delivered on a turnkey basis with 24/7 support. In
    salmon production alone, if all currently planned onshore
    expansion materializes, onshore production would rival the
    output from the region Canada and make land-based the 4th
    largest “region” by 2020.
    The proven RAS2020 is a flexible, module-based recirculating
    aquaculture system applying a concentric tank concept with
    optimized process logistics, low operating costs and a further
    reduced footprint.

    Economics at a glance
    Comparing 4 different RAS2020 development plans, based on equal assumptions and expected selling price at EUR 7-9/kg (HOG):
    Exclu din g or incl uding
    1 modu le e x 1 modu le pl us 2 modu les pl us 4 modu les pl us
    ha tch ery /nur ser y
    Annual production volume 1’200 t 1’200 t 2’400 t 4’800 t
    Annual # hatchery/nursery juveniles produced 0 350’000 700’000 1’400’000
    Investment EUR 13.1m EUR 15.6m EUR 26.6m EUR 50.7m
    Break-even 4.6 - 6.3 y 5.4 – 7.6 y 4.6 – 6.2 y 4.4 – 5.7 y
    Annual ROI stable from year 3 27.6% - 44.9% 20.4% - 33.4% 27.3% - 43.3% 30.5% - 47.6%
    Annual EBIT stable from year 3 EUR 3.6m – 5.9m EUR 3.2m – 5.2m EUR 7.3m – 11.5m EUR 15.5m – 24.1m
    Cumulative EBIT after 10 years EUR 26m – 45m EUR 23m – 40m EUR 55m – 89m EUR 117m – 187m
    Multiple on investment 1.98 – 3.44x 1.47 – 2.56x 2.07 – 3.35x 2.31 – 3.68x
    Total production cost per kg (HOG) EUR 3.90 EUR 3.98 EUR 3.62 EUR 3.46

    Summary
    Prospects for non-conventional farming such as Recirculation Aquaculture System (RAS) have never looked better:
    • End product is a direct outcome of its inputs and is a high-grade product 100% free of parasites – “new Kobe beef category of fish”
    • Sustained high prices for fast and consistent delivery of fresh fish
    • Low growth expectations from alternatives – onshore hast the largest potential to impact the future of the fish farming industry
    • A critical entry barrier to this industry segment is access to optimal locations with suitable natural conditions
    • Land-based facilities can be located to end-markets, e.g. Asia or US, where quality and transport advantages com into full effect

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