Mowi is considering dropping plans for a futuristic method of salmon farming.
Along with Hauge Aqua, Mowi has developed an ovaloid-shaped conceptual design, termed “The Egg,” which floating, self-supported, and closed salmon-farming cage that is described as “escape-proof.” The enclosure is designed to limit interaction between the farmed salmon on the inside and the wild salmon on the outside, and would prevent sea lice because it pulls in ocean water from 26 meters, which is a depth where the parasites are unable to exist, according to Marine Harvest.
However, in its second-quarter earnings report, Mowi said the company was struggling to keep the construction costs of the cage down, after the Norwegian government turned down its bid to build the structures out of steel. However, Mowi CEO Alf-Helge Aarskog said building the cages out of composite materials will be too expensive, according to Sysla – especially since Mowi received only six of the 14 development licenses it applied for, reducing its economies of scale…