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Mowi gets two permits for its 'Donut' salmon farming concept

The company only got two permits of the eight for which it applied.

The Norwegian Fisheries Directorate granted Mowi two development licenses of the eight it had applied for, for the construction of its "Donut" concept, it said on Friday.

Mowi got permits to farm 1,100 metric tons of salmon, the maximum allowed, for a period of up to seven years.

The Donut concept consists of a closed farming system, shaped like a doughnut and made of high density polyethylene ( HDPE ) material that should act as a barrier against the external environment to protect the fish from the impact of environmental conditions.

Mowi originally estimated investment costs would be around NOK 65 million (€7.6 million/$6.7 million) per unit, however, it has now submitted a detailed budget and cash flow analysis, claiming that the total investment for each unit will be NOK 200 million (€23.3 million/$20.7 million).

The costs include the development and construction of the units.

In addition, the project will incur costs for the preparation of the loacation as well as boats.

The Directorate of Fisheries concluded that the Donut concept can help solve several of the environmental and area challenges facing the industry.

According to the resolution, the Donut is unlike any other in general commercial use in the aquaculture industry.

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