The Singapore based land-based project, Singapore RAS has signed a long-term agreement for deliveries of Atlantic salmon eggs with Benchmark Genetics. The company is in the final phase of financing the first construction phase of a 1000 MT capacity facility. Further, the company is planning an expansion of up to 3000 MT in the next stage.
Singapore RAS has close relations with Norway and has worked on the plans for local production of Atlantic salmon since January 2020. Today, the company is pursuing the first project to farm Atlantic salmon in Singapore and aims to supply the local home market only.
Benchmark will supply genetics from their Icelandic facilities to Singapore as soon as the hatchery and freshwater site is in operation, projected in 2023.
We are building a RAS-based facility for Atlantic salmon in Singapore with a strong focus on sustainability and circular economy, using learnings from similar commercial projects in Northern Europe. We aim to build a successful commercial venture that can become a regional centre of knowledge and RAS application in South-East Asia. Signing with Benchmark is a part of our widespread stakeholder engagement, which already includes some 10 MOUs and strong agreements with future suppliers and partners
Esben Johnsen, CEO Singapore RAS
We are pleased to have signed yet another agreement with a RAS project in Asia, believing that this region will be at the forefront of the growth in the land-based salmon segment worldwide. The fact that Singapore RAS will have a high focus on sustainability, R&D and deployment and embedding of new technologies makes the company a perfect partner for Benchmark
Geir Olav Melingen, Commercial Director Benchmark Genetics