Sweden and Quebec Advance Collaboration on Land-Based Aquaculture Expansion
What happened
A term sheet was signed to advance a collaboration between a Swedish aquaculture firm and a Canadian firm focused on circular land-based aquaculture systems. The agreement builds on the Swedish firm’s patent-pending modular recirculating aquaculture system, which is designed to produce 2,000 tonnes annually. The plan is to initially construct the system in Sweden before jointly starting operations in Quebec, Canada.
From thefishsite.com
Why it matters
The collaboration involves the expansion of specialized, high-tech aquaculture systems from Sweden into Quebec. This industrial investment leverages Swedish technological developments and aims to increase production capacity in North America, with plans for the Canadian firm to reach 10,000 tonnes annually.
Investments in this sector have affected companies with Swedish parent companies and operations influenced by the Government of Quebec through Coalition Avenir Québec leadership.
From thefishsite.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SwedenSpeculative
The Swedish aquaculture sector might see increased revenue from the international expansion of its innovative systems.
- QuebecSpeculative
Quebec might see increased regional economic activity and job potential from the planned industrial investment.
- MontrealSpeculative
Montreal might see increased regional economic activity if the industrial investment expands into the city.
- Hydro-QuébecSpeculative
Hydro-Québec might see increased demand for stable energy supply to support the required RAS systems.