Land-based aquaculture busines the Kingfish Company has concluded the purchase of land estate near Jonesport, Maine. The acquisition marks a crucial step towards the construction of its planned fish farm in the north-eastern United States.

The company plans to build a RAS (recirculating aquaculture facility) to produce yellowtail kingfish, replicating its site in the Netherlands which is already in operation.

Last month the Kingfish Company reported that it has secured approval for the two final permits from the State of Maine Department of Environmental Protection (MDEP) earlier this month, that were required in order to advance to pre-construction design and engineering on schedule.

Ohad Maiman, Founder and Chief Executive Officer of The Kingfish Company, said: “These announcements represent a major milestone in The Kingfish Company’s execution of its expansion strategy, and its focus on technology driven local production of high value import dependent seafood in the EU and the US.

“Today, Kingfish Maine is one step closer to achieving fully operational status, and we are ready to build on our proven blueprint, and scale our technology locally to service our network of distributors nationwide.”

The company’s Netherlands operation runs on 100% renewable energy, sourced from wind, solar and biogas. The company’s facilities operate on sea water, avoiding wasting of precious fresh water.

Yellowtail kingfish (also known as ricciola, hiramasa or greater amberjack) is a highly versatile premium fish species, popular in Italian and Asian fusion cuisines.

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