During the last three decades, captured fisheries production increased from 69 to 93 million tonnes and world aquaculture production increased from 5 to 63 million tonnes. Although 70 per cent of the Earth’s surface is covered in water, fish (including shellfish) only represent 6.5 per cent of all protein for human consumption whereas aquaculture represents around 2per cent.
Fish is usually low in saturated fats, carbohydrates and cholesterols and provides not only high value proteins but also a wide range of essential micronutrients, including various vitamins, minerals, and poly-unsaturated omega-3 fatty acids. Thus, even in small quantities, provision of fish can be effective in addressing food and nutritional security among the poor and vulnerable populations around the globe.
While Norway is recognised for its industrial scale salmon farming, other countries with blue pastures are focusing on developing their local species. In the forecasted aquaculture mobilisation and global growth envisaged to come during this century, Hauge Aqua’s ambition is to provide relevant, robust and environmental friendly technology. All rooted in and learning from the Norwegian industry.
Hauge Aqua business strategy
Hauge Aqua has two legs in its business strategy: innovative new technology and fish farming in East Africa.
All of Hauge Aqua development activities are financed by equity and co-funding from Innovation Norway. The company has no debt.
The technology has its base in Norway where the merging of traditional fish farming expertise with maritime and subsea engineering and automation has been key. Industrial design and animation expertise is also used in the development of the technology, making it aesthetically pleasing. The people behind Hauge Aqua has been very excited to see how this cross-competency mix is generating innovative solutions. Read more about the partners under Human capital – Partners.
Based on the innovation arena, the ambition is to form a new technology company, «Hauge Aqua Solutions», that targets the market for closed containment farming, as well as supplying boats and barges (Mundal Group), and full-scale service.
Investors
Hauge Aqua is looking for medium and long-term equity and partners that share our vision, values for business. Investors who also bring complementary competency are much appreciated.
For the East-African business, we will establish a separate business unit. We believe Africa is truly a coming continent and has enormous opportunities within aquaculture. We will revert with more information in due time.
Investor contact:
Chariman of the Board Cato Lyngøy, Cell phone: +47 930 11 330, email: cato.lyngoy@haugeaqua.com
