The Kingfish Company is a land-based aquaculture company located in the Netherlands, farming Yellowtail Kingfish (Hiramasa). The company bases its production on RAS systems, a well-known technology for smolt and full grow out salmon production. The company was founded by Ohad Maiman, Kees Kloet, Hans Den Bieman, Itay Young and Noam Kleinfeld in 2015.
Kingfish completed successful pilot facility trials of 50 MT in 2017. Following these trials, the company expanded production into new facilities with production start in January 2018. The company has achieved standing biomass and production according target design with an annual capacity of ~600 MT. After the private placement of EUR 18m in 2019 the company expended production facility to be able to produce 1,250 MT. With the proceed from the listing at Oslo Børs the company are working on expending the Netherlands facility further, and the company aims for a capacity of 3k tonnes by the end of 2022. Kingfish are also working on a 6-8k tonnes facility on the east coast in the US, with construction expected in Q4 21/Q1 22, and long term the goal is to produce more than 20k tonnes.
Yellowtail Kingfish is a high value specie mostly used in traditional Japanese cuisine and sushi, but with a wide range of usage areas beyond raw consumption. Sustainability is at the core of the company’s strategy and the facility operates on 100% renewable energy, uses high grade sustainable feed, grows the fish without using vaccines, and has earned ASC and BAP certifications. Traditionally, Yellowtail Kingfish has been imported from Japan and Australia, produced in seawater. With only a few thousand tonnes of Yellowtail Kingfish currently being produced in Europe and North America, the market for the product is significant – especially considering the enhanced freshness production offered being close to the end markets.
Represented by: Founder and CEO Ohad Maiman (speaker),
Corporate Finance Manager Serena Zuidema
Agenda (CEST): 0930-0950
Agenda parallel session: Track 2, part 1
Physical/Digital: Physical
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