Land-based salmon company Pure Salmon signs up Benchmark Genetics in massive egg supply deal

Land-based farming company Pure Salmon has signed a multi-year agreement with Benchmark Genetics, which will supply Atlantic salmon eggs to Pure Salmon’s projects worldwide.
The contract’s potential volume represents more than 80 million eggs annually at full capacity, with first delivery of ova expected in 2022.
With multiple land-based projects in the pipeline globally — representing a target production of 260,000 metric tons of Atlantic salmon per year — Pure Salmon acknowledges the importance of a secure supply of eggs.
Phase 1 of Pure Salmon’s expansion includes sites in Japan, the United States and France. The next phase consists of the construction and operation of farms in China, Southeast Asia and the United Arab Emirates (UAE).
In order to meet the contractual requirements of supply, services and support, Benchmark said it will significantly increase its production capacity in Iceland by building a new incubation center that will be operational this summer.
The company has also hired two new members within the commercial team with specific competencies and experience with farming in RAS systems.
“The signing of this contract marks a major milestone in the strategic pathway to position Benchmark Genetics as the preferred supplier to the growing land-based salmon segment,” said Benchmark Commercial Director Geir Olav Melingen.
The Pure Salmon deal follows a string of similar agreements with land-based salmon farmers in recent months.
In February, World Heritage Salmon (WHS), a huge land-based salmon farm backed by Hofseth International CEO Roger Hofseth, entered into a five-year agreement with Benchmark Genetics starting in 2023.