Post by Cermaq Global

At the biannual seafood conference #Aquavision in Stavanger with 400 + delegates, CEO Steven Rafferty had the chance to share Cermaq's story with a global audience based on the topic “Financing Growth under regulatory & biological risk”. --- “As one of the largest global salmon producers — farming in three countries, Norway, Chile and Canada — we see both the promise and the pressures of salmon farming up close. 🌍 Salmon is one of the most resource-efficient proteins, and our roughly 300,000 tonnes a year translate into around 1.3 million meals. But realising that potential growth going forward depends on conditions we don't always control». --- 1. Regulatory predictability matters much on planning investments. ⚖️ Large salmon projects can take 5–15 years to pay off. In recent years, regulation or taxation systems changed after investments are made, making original investment cases redundant and non-accurate. 2. Chile gives optimism. 🇨🇱 With reform momentum building and every natural advantage in place, Chile has a real chance to regain its place as a strong competitor to Norway in the industry 3. Our biggest missed opportunity is how we act ourselves. 🤝 The major producers - particularly the large Norwegian players - do not collaborate across borders on major global challenges on a sustainable salmon industry and sharing of best practice exchange on regulation and building the credibility of the industry. Cermaq is committed to helping the industry to be great for many years to come. --- #AquaVision #Cermaq #Aquaculture #Sustainability #BlueEconomy #Leadership