Grieg and Ocean Choice finalize partnership for salmon aquaculture project in Canada

Atlantic Canadian company Ocean Choice International (OCI) and Norway’s Grieg Group have finalized ownership agreement details surrounding the development and execution of the Placentia Bay Aquaculture Project, the companies announced on 16 January. 

The Placentia Bay Aquaculture Project calls for the construction of a land-based recirculation aquaculture system (RAS) hatchery for Atlantic salmon in the marine national park located in Marystown, Newfoundland and Labrador, Canada, as well as 11 large-scale growing cages to be built and situated in the deep waters of nearby Placentia Bay. As part of the established agreement, OCI will manage the processing of products harvested at one of the 11 Grieg NL Seafarms in Placentia Bay. 

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