TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Jun 30, 2022 18:23 JST
Source:
Mitsubishi Corporation
MC and Maruha Nichiro Agree to Establish New Joint Venture in Salmon (land-based)
TOKYO, Jun 30, 2022 - (JCN Newswire) - Mitsubishi Corporation (MC) and Maruha Nichiro Corporation (Maruha Nichiro) are pleased to announce our agreement to establish a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon. ATLAND will be established in Nyuzen town of Toyama prefecture in around October 2022.1
The investment ratio of ATLAND will be MC 51% and Maruha Nichiro 49%. Following the establishment of the company, a land-based aquaculture facility with a capacity of 2,500 tons (live weight equivalent) will be constructed in Nyuzen town, with the aims of starting operations in 2025 and completing the first delivery in 2027.
MC and Maruha Nichiro have been discussing the joint promotion of this project since March 2021. This project is expected to help develop a sustainable and stable land-based production system, efficient digital-tech-based operations, local production for local consumption, and progress in decarbonization. Our companies are both dedicated to leveraging our strengths and businesses to simultaneously generate economic, environmental and societal value.
Local Production for Local Consumption of Salmon
There are few suitable locations for conventional salmon aquaculture, due to the need for year-round low seawater temperatures, mild weather and wave activity. For those reasons, the vast majority of the world's farmed salmon is produced in Norway and Chile, but expectations are that global demand for this high-quality animal protein will continue to grow in the future. The aim of our joint project is to create a local-production-for-local-consumption business model in Japan's salmon industry.
Low-Carbon, Carbon-Free / Digitalization
This business model is expected to produce fewer greenhouse gas emissions compared to the practice of importing fresh salmon to Japan by air from salmon-farming countries.
In addition, land-based aquaculture that uses Recirculating Aquaculture Systems (RAS)2 is highly compatible with digital technologies. These systems use advanced water-treatment technologies to control and manage the farming environment. By employing these methods, we aim to take advantage of AI and IoT to stabilize production, and otherwise optimize our own salmon farming operations.
Water Resources in Nyuzen Town
ATLAND's facility uses ground water originating from the Kurobe River and deep seawater3 from the Toyama bay. Deep seawater is characterized by its cleanliness and low, stable temperature, which makes it possible to operate the facility by reducing the amount of energy required to create a water environment suitable for land-based production.
1. Completion of this project is subject to the approval of the relevant regulatory authorities.
2. This model of land-based salmon aquaculture involves using special technologies to circulate water in and out of tanks where the fish are raised. The water is treated, removed of waste, and cleaned before it is pumped back into the tanks. This creates a controlled environment that supports health and welfare of the salmon throughout the growth cycle.
3. In Toyama prefecture, a large amount of low-temperature "Japan Sea Proper Water" exists at depths of 300m or more.
Source: Mitsubishi Corporation
Sectors: Agritech, Food & Beverage
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Mitsubishi Corporation: Seven-Member Partnership Commits to Warehouse DX Initiative
July 01 2022 15:10 JST
Murata and Mitsubishi Agree on a Cooperative Framework for Working Toward a Carbon-Neutral Society
June 24 2022 17:22 JST
Mitsubishi Corporation signs Participation Agreement with Sempra Infrastructure, TotalEnergies, Mitsui for Carbon Sequestration Project in Louisiana
May 24 2022 09:10 JST
Project-Finance Agreement Signed for MC-Hokuden Hydro Power Alliance
May 23 2022 10:15 JST
MC and Morgenrot Enter into Capital and Business Alliance
May 20 2022 19:19 JST
MC and Kurashiki City Sign Regional Development Agreement
May 20 2022 09:55 JST
Mitsubishi Corporation Invests in Climate-tech through Breakthrough Energy Catalyst
April 25 2022 10:46 JST
Joint Feasibility Study on the Commercialization of Sustainable Aviation Fuel
April 19 2022 10:37 JST
Toyobo and MC Agree to Establish New Joint Venture in Functional Materials
March 24 2022 16:39 JST
Mitsubishi Corporation, Kaluza, and Miraiz to Launch Initiative for Decarbonising Mobility in Japan
March 15 2022 08:30 JST
More Press release >>
Latest Press Release
Eisai and Lifenet Enter Into Capital and Business Alliance Agreement Aimed at Building Ecosystem to Reduce Burden of Medical and Nursing Care
Aug 09, 2022 18:09 JST
Establishment of Maritime and Ocean Digital Engineering Cooperation Program at the University of Tokyo
Aug 08, 2022 14:46 JST
Waste-to-Energy Company in Singapore Made a Wholly-Owned Subsidiary
Aug 08, 2022 14:08 JST
Rovanpera extends WRC lead with rapid home run for TOYOTA GAZOO Racing
Aug 08, 2022 11:31 JST
Team HRC Wins 43rd Suzuka 8 Hours Endurance Race
Aug 08, 2022 11:18 JST
MHI to Issue its First Transition Bond
Aug 05, 2022 17:17 JST
Mitsubishi Heavy Industries Achieves 22% YoY Increase in Order Intake and 52% YoY Increase in Net Profit in a Challenging First Quarter
Aug 05, 2022 16:40 JST
Honda Signs Agreement to Transfer Shares of Honda Lock Mfg. to MinebeaMitsumi
Aug 05, 2022 15:24 JST
MHI Group Signs Sponsorship Agreement with Thailand's Muangthong United Football Club
Aug 04, 2022 16:44 JST
Hitachi Energy Supports Huge Step in Germany's Energy Transition
Aug 04, 2022 10:02 JST
Eisai Presents New Findings on Lecanemab's Investigational Subcutaneous Formulation and Modeling Simulation of ApoE4 Genotype on Aria-E Incidence at AAIC 2022
Aug 04, 2022 09:25 JST
Eisai and Merck & Co., Inc., Rahway, NJ, USA Provide Update on Phase 3 LEAP-002 Trial
Aug 04, 2022 09:05 JST
Honda to Extend Power Unit Technical Support Agreement with Red Bull Power Trains to End of 2025
Aug 03, 2022 09:35 JST
NEC Visionary Week 2022 to provide insights on the future of society and business
Aug 01, 2022 13:13 JST
DENSO Announces Q1 2022 Results, Details Efforts Advancing its Pursuit of Sustainability and Safety
Jul 29, 2022 18:32 JST
Mitsubishi Power Receives Order from HK Electric for Re-provision of Gas Turbine Equipment at the Lamma Power Station
Jul 29, 2022 18:25 JST
Mazda Included in MSCI Japan ESG Select Leaders Index
Jul 29, 2022 18:17 JST
TOYOTA GAZOO Racing Ready to Defend Unbeaten Home Record
Jul 29, 2022 17:27 JST
Mazda Production and Sales Results for June 2022 and for January through June 2022
Jul 29, 2022 11:16 JST
Fujitsu and Hokuhoku Financial Group develop algorithm for efficient flood risk calculation for Task Force on Climate-related Financial Disclosures (TCFD) reporting
Jul 28, 2022 15:49 JST
More Latest Release >>