Norcod — Regulatory Filings 2023

Sep 20, 2023

Norcod granted new production site in Nordland county

Norcod granted new production site in Nordland county

Norcod has been granted permission to establish a new production location in Nesna municipality with a total maximum allowed biomass (MAB) of 3,599mt. Bjørnvika is the company's second location in Nesna and, together with Labukta, forms a production cluster with a total capacity of 7,200 mt MAB.

“Norcod has been very well received by Nesna municipality, which we highly appreciate, and we look forward to continuing our excellent cooperation. We will keep on working together successfully in the future. We consider this second site in Nesna also to be perfectly suited for cod farming with good water depth, water temperature and currents. I am confident our fish will thrive here,” says Norcod CEO Christian Riber.

“Nesna municipality is very happy that Norcod has received approval for a new location for cod farming in Nesna. Norcod is well established in the municipality and contributes to activity and jobs, which are very important to us as a district municipality in transition. - We congratulate Norcod on approval for cod farming in Bjørnvika and wish them luck,” says mayor Hanne Davidsen.

For the industry’s leading player, good community relations are integral to Norcod’s strong commitment to responsible farming of premium product. “Our ambition is to contribute not only to the industrial base of the coastal municipalities in which we are active, but also to support employment opportunities and ensure sustainable operations with minimal impact to the environment,” adds Riber.

The new site will be equipped with state-of-the-art aquaculture technology, driving sustainable production emphasising welfare for both fish and employees. “Setting up a new location is always an exciting process especially given our motivation to provide a healthy source of protein to an eager market. We have a highly skilled production team with many years of combined experience so I anticipate this will be a smooth and efficient process,” continues Riber.

Including Bjørnvika, Norcod holds a total of six production sites along the Norwegian coastline encompassing in total 24 licenses with MAB of 17,500 mt. Norcod is now providing harvest ready cod from its third cycle and is also completing the process of stocking its fourth cycle for sea phase this current quarter.

For more information contact:

Christian Riber

CEO, Norcod

+47 905 37 990

cr@norcod.no

About Norcod

Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Central and Northern Norway with ideal production conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.