An attractive and sustainable proposition

Hima Seafood Rjukan has secured financing from two sustainability focused infrastructure funds managed by Foresight Group, and P Capital Partners (“PCP”), a Swedish credit fund. The sustainability and ESG aspect of this project has been one of the main drivers for these funds to invest into Hima Rjukan. In addition to outside capital, the founders of Hima have made further significant investments into the facility. Together the parties have committed NOK 2.5bn.

Sustainable and reliable production of food within controlled environments is gaining in significance on the back of a growing world population and limited natural resources. What makes the Rjukan project attractive is the high standard of fish welfare to which the facility will adhere, which is further emphasised by the strict existing regulations in Norway promoting fish welfare. This combination has provided the investors, especially Foresight Group, the comfort they seek, to make their maiden investment in the aquaculture sector.