Greig Seafood Puts $24 Million Smolt Facility Expansion on Hold Due to Resource Tax Proposal
Norwegian salmon farmer Grieg Seafood’s Rogaland arm has halted its planned expansion of a smolt plant due to uncertainty surrounding the proposed resource tax which will impact aquaculture producers.
Earlier this month, the Norwegian government announced a 40% resource tax on aquaculture, as SeafoodNews reported. The announcement began a string of actions from some of the biggest players in the Norwegian salmon farming industry.
Grieg’s move is just the latest in a long list of frozen investments and stalled projects due to the potential...
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