Salmon Evolution ASA has today awarded Endúr ASA's wholly owned subsidiaryArtec Aqua AS the contract to deliver the process facility for phase 2 (BTB) of the salmon farmer's land-based grow-out salmon farming facility at Indre Harøy,Norway . Under the contract, Artec Aqua will immediately commence the project design phase for the facility. This phase is planned to run until year-end 2023. Subject to final investment decision bySalmon Evolution , Artec Aqua will also deliver its hybrid flow-through technology and manage the construction and commissioning of the process facility. The total project cost for phase 2 including both civil works and the process facility, is estimated toNOK 1.6 - 1.7 billion. The process facility which will be supplied by Artec Aqua, represents a significant part of such total project cost. Endúr will only book the project design phase as order intake in the second quarter 2023. Artec Aqua has previously conducted design, construction and commissioning ofSalmon Evolution's phase 1 at Indre Harøy. This facility has delivered strong results over an extended period of time. "We are delighted to be awarded this contract and to continue our long-standing cooperation withSalmon Evolution . Overall, the results at Indre Harøy have been excellent, and the feedback from our customer is that our project execution and our technology is a major contributor to this success," says Ingegjerd Eidsvik, CEO of Artec Aqua. "Artec Aqua is one of the world's leading suppliers of technical infrastructure to land-based fish farming facilities, andSalmon Evolution is rapidly building up its production volumes. It is a highly valuable collaboration for both companies, and we look forward to contributing towards creating even stronger operational, biological and financial results at Indre Harøy going forward," says Jeppe Raaholt, CEO of Endúr ASA.Salmon Evolution has already started with initial groundworks and plans to be in a position to start phase 2 construction works by year end 2023. The contract also includes an intention for Artec Aqua to provide technical infrastructure forSalmon Evolution's phase 3 (BTC), which is double the size compared to phase 1 and 2, at Indre Harøy. "Salmon Evolution sets the bar high when it comes to quality of our suppliers and the services they provide. Artec Aqua has proven that they possess the competence and capabilities to deliver build-out projects according to our expectations. We look forward to cooperating with them on this phase too," saysTrond Håkon Schaug-Pettersen , CEO ofSalmon Evolution (ENDS) For further information, contact: Media: CEO Endúr ASA, Jeppe Raaholt, +47 97 66 97 59 CEO Artec Aqua, Ingegjerd Eidsvik, + 47 95 08 77 54 Investors: CFO Endúr ASA,Einar Olsen , +47 924 01 787 About Endúr ASA: Endúr is a listed Nordic industrial group and a leading player in the market for marine infrastructure and solutions for sea and land-based aquaculture. The company's head office is in Lysaker outsideOslo . See more about us at: www.endur.no. .
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