It’s all about salmon and trout today as we talk to one of the suppliers of land-based fish farming facilities. 

Founded in 2017, Assentoft Aqua is a Danish aquaculture engineering company. 

It provides fish farmers with what’s known as RAS or Recirculatory Aquaculture Systems that save space, pipes and minimises carbon footprint and the amount of investment needed per produced ton of fish. 

The firm has worked on about ten projects in Denmark, Norway, Canada, Ireland and Poland since the business started about seven years ago, with an annual production capacity of about 400 tonnes each.

Assentoft Aqua set foot in Singapore in July 2020, and was also behind a US$33m high-tech trout farm in Neo Tiew that could produce about 1,200 tonnes of rainbow trout every year. That’s about 25% of local farmed fish production in 2022. 

But why did the firm decide to move into a relatively smaller market in Singapore, given how it was previously focusing on European and Nordic markets?

Meanwhile, with food supply chain resiliency thrust into the spotlight amid the pandemic, and countries around the world focusing on self-sufficiency, what does that mean for Assentoft when it comes to demand for modern farming facilities and systems? 

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Matthew Tan, Chief Executive Officer, Assentoft Aqua Asia.