Long term Atlantic salmon egg contract with Singapore RAS

Benchmark Genetics and Singapore RAS have signed a long-term agreement to deliver Atlantic salmon eggs to the project in progress for a land-based RAS facility in Singapore. The Singapore based company, Singapore RAS, is in the final phase of financing the first construction phase of a 1000- tonne capacity facility. Further, the company is planning an expansion of up to 3000 tonnes 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 aiming 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.

Esben Johnsen, CEO of Singapore RAS, says: “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”, explained Johnsen.

Geir Olav Melingen, Commercial Director of Benchmark Genetics, is pleased to have signed with 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”, added Johnsen.