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Atlantis Subsea Farming: Great faith in the project despite rejection

The Directorate of Fisheries upheld its decision and forwarded the appeal to the Ministry of Trade,

In April 2017, Atlatis Subsea Farming was notified that its concept qualified for the development license scheme. The Norwegian Directorate of Fisheries would proceed processing the application with the intention of awarding two out of the six licenses the company had originally applied for. This means four licenses were rejected.

 

Akvagroup Asa

 

Atlantis Subsea Farming chose to appeal the rejection of two out of the four rejected licenses. It’s in the company’s belief that four licenses will be necessary in order to document the technology properly.

The Directorate of Fisheries upheld its decision and forwarded the appeal to the Ministry of Trade, Industry and Fisheries. The company has now received a formal notification that the Ministry of Trade, Industry and Fisheries has rejected the appeal. The decision can not be appealed.

“Naturally, we find the Ministry’s decision very disappointing, but we take note that this is a final decision,” says Trude Olafsen, General Manager Atlantis Subsea Farming AS.

“However, we still believe in the project and are convinced that this technology will have a future – both because fish farming in deep waters have some obvious benefits, but also because the technology will have a sustainable cost level even after the development project has been completed. We appreciate that the authorities have found that Atlantis qualifies for the development license scheme.”

With the possibility of receiving two licenses, the company will now re-review the project based on the new preconditions this entails.

Atlantis Subsea Farming is owned with equal shares by AKVA group ASA, Sinkaberg-Hansen AS and Egersund Net AS.

 

Associated companies:


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