Major property developer invests in Japanese land-based salmon farm
Land-based fish farm developer Pure Salmon Japan has announced that Japanese property developer Mori Trust has invested in its project for a 10,000 tonnes-per-year recirculating aquaculture system (RAS) facility in Tsu City, Mie prefecture.
It said the strategic partnership marks a major milestone in Pure Salmon Japan’s mission to redefine the future of aquaculture in Japan and across Asia.
“In Mori Trust, we have found a partner who not only understands our ambition but also shares our conviction that aquaculture can - and must - be reimagined for a more sustainable world,” said Erol Emed, chief executive of Pure Salmon Japan.
“This investment is about more than capital. It’s a long-term commitment to food security, environmental responsibility, and transformational industry leadership.”
Pure Salmon Japan is an affiliate of Pure Salmon Group, which is owned by Singapore-based 8F Asset Management, an investment fund that has offices in Abu Dhabi, Hong Kong, London, and Frankfurt.
8F, which also owns Norwegian RAS supplier Pure Salmon Technology, has long-term plans to produce more than 200,000 tonnes of salmon annually in 10,000-tonne and 20,000-tonne RAS facilities built near major population centres worldwide.
First harvest in 2027
The first fish are due to be harvested by Pure Salmon Japan in 2027.
Tsu City is located at what Pure Salmon Japan says is an optimal distance from Tokyo, Nagoya, and Osaka, allowing easy distribution to Japan’s most populous cities and centres of salmon consumption. The salmon farm will be housed in a total of 70,000m² of building space, spanning over a 137,000m² plot and will use a RAS supplied by Pure Salmon Technology.
Mori Trust Group is a comprehensive property developer engaged in large-scale mixed-use developments in major urban centres across Japan, as well as hotel and resort businesses. It is also actively investing in emerging industries with high growth potential.
It has a corporate vision, From Urban Planning to Future Planning, that sets out its aims to coexist with the environment, the economy and society. “We will go about contributing to the realisation of a new society by undergoing significant changes as we see society become more diverse. This is something that we will do through digital transformation and various innovations,” the company says on its website.
Socio-economic progress
In a message about the company’s vision on the website, Mori Trust Group president and chief executive Miwako Date says that amidst rising global concern about sustainability issues, the Group looks forward to a future where socio-economic progress and environmental considerations go hand in hand.
“The Mori Trust Group will adopt a flexible outlook and approach in pursuing our business operations with a view to playing our role in helping the nation to retain its competitive edge even during periods of heightened uncertainty,” adds Date.