Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Regions Southwest Virginia Indoor salmon farm travels upstream

Indoor salmon farm travels upstream

Published November 29, 2022 by Beth JoJack

Water infrastructure improvements could begin as soon as March 2023 at the future Pure Salmon site. Photo courtesy Tazewell County

An indoor fish farm located in Southwest Virginia, an idea born nearly a decade ago, is slowly swimming its way closer to reality.

Work on water infrastructure improvements, including a new water line and sewage lift station, to support the Pure Salmon facility that will straddle Tazewell and Russell counties could begin as early as March 2023, according to Tazewell County Administrator Eric Young.

Pure Salmon, a global Atlantic salmon farming and processing business headquartered in Abu Dhabi, United Arab Emirates, and backed by Singapore-based private equity firm 8F Asset Management Pte. Ltd., plans to invest about $228 million in the aquaculture facility, which will sit on about 200 acres and employ around 200 people, according to a company website.

The Virginia Pure Salmon facility could use up to 400,000 gallons of water a day, according to Young. Without upgrades to the water system, he says, the county wouldn’t be able to meet those needs. 

The improvements are expected to cost about $10 million, Young says. In August, the U.S. Department of Commerce’s Economic Development Administration announced the county will receive a $4.3 million grant to help pay for the project. The federal Appalachian Regional Commission will add another $1 million to the kitty. “We’ve got a few more grant applications in that we’re expecting to go favorably,” Young says.

Any costs not covered by grants will be amortized in Pure Salmon’s future water and sewer bills.

Additionally, teams from Appalachian Power are planning upgrades to support Pure Salmon. The utility will build about two miles of electric lines as well as a new substation near the aquaculture facility. Construction is slated to begin in early 2023 and conclude by the end of 2024.

A consultant to the project says Pure Salmon isn’t providing construction updates. However, according to its website, site preparation began in the fall of 2021 with construction expected to be complete by the end of 2023. Pure Salmon did not respond to questions about whether it could start operations before Appalachian Power completes its work.

Once the facility is built, it will still take about 22 months for roe to become mature salmon, Young cautions.

“If you’re talking about when does the first fish come out in a nice cellophane wrapper … you’re probably looking at the end of 2025,” he says. 

  Subscribe to Virginia Business.   Get our daily e-newsletter.  

Related Stories

Jake Musick, owner of Riverbound Trout Farms, displays a rainbow trout raised at his farm in Russell County. Photo by Earl Neikirk

Aquaculture proves big catch for region

Opened in May 2020, the Back of the Dragon Welcome Center led the way for other Southwest Virginia outdoor recreation centers. Photo courtesy Back of the Dragon

Southwest Va. builds outdoor rec centers

Virginia Business logo

NJ resin/vinyl manufacturer to invest $13.5M in Tazewell

Ronald Mark Associates expected to create 29 jobs

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Va. bill aims to reduce mental health stigma for health care workers

Framatome CEO retiring; CFO to be promoted

Former EAB buildings in Henrico sell for $5.35M

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Va. bill aims to reduce mental health stigma for health care workers

Framatome CEO retiring; CFO to be promoted

Former EAB buildings in Henrico sell for $5.35M

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk

wpDiscuz