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Atlantic Sapphir - AASZF STOCK NEWS

Welcome to our dedicated page for Atlantic Sapphir news (Ticker: AASZF), a resource for investors and traders seeking the latest updates and insights on Atlantic Sapphir stock.

Atlantic Sapphire ASA (OSE:ASA / OTCQX: AASZF) is a global leader in the aquaculture industry, pioneering the sustainable farming of salmon using their innovative Bluehouse® technology. Founded in Norway and based in the United States, the company operates a land-based aquaculture system that significantly reduces environmental impact.

Atlantic Sapphire’s core business involves raising salmon in a controlled, land-based environment, eliminating the need for ocean-based fish farming. This method ensures optimal fish welfare while minimizing ecological footprint. The company's Bluehouse® farms are located in Florida and Denmark, with the US facility set to expand its capacity to 25,000 tons annually by 2024, and a targeted harvest volume of 220,000 tons by 2031.

In collaboration with Skretting, a global leader in aquaculture feed, Atlantic Sapphire has incorporated Veramaris ASC-MSC certified sustainable algal oil into their salmon feed. This strategic move reduces the fish oil content by 25%, a significant step toward eradicating marine-derived feed ingredients by 2025. This innovation not only promotes sustainable practices but also aligns the company with its mission to produce the healthiest and most sustainable animal protein.

Recent achievements include a partnership with Florida Power & Light Company (FPL) through their SolarTogether® program to offset 45% of its total energy consumption with solar power, further reducing the company's carbon footprint.

The company’s commitment to sustainability extends beyond its products. By using water sourced from the Floridian Aquifer and eliminating the need for air freight, Atlantic Sapphire ensures a lower carbon footprint for its operations. Their approach is designed to meet the growing demand for locally-sourced, high-quality, and sustainable seafood in North America.

Atlantic Sapphire’s dedication to innovation and sustainability has positioned it as a transformative force in the aquaculture industry, setting new standards for environmental responsibility and efficiency.

Rhea-AI Summary

Atlantic Sapphire ASA (OSE:ASA / OTCQX: AASZF), a leader in sustainable aquaculture, has joined the Florida Power & Light Company (FPL) SolarTogether program. This initiative will offset 45% of the company's total energy consumption with solar power, significantly reducing its carbon footprint. Since 2011, Atlantic Sapphire has transformed salmon farming with its proprietary BluehouseTM technology, sourcing water from the Floridian Aquifer and delivering fresh, ocean-safe seafood across North America. The FPL SolarTogether program allows participants to benefit from solar energy without upfront costs, paying a fixed monthly subscription and receiving escalating bill credits. This move underscores Atlantic Sapphire's commitment to environmental sustainability and efficient energy use.

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Rhea-AI Summary

Atlantic Sapphire ASA (OTCQX: AASZF) has partnered with Skretting to introduce Veramaris ASC-MSC certified sustainable algal oil, aimed at reducing fish oil in its salmon feed by approximately 25%. This initiative is part of the company's strategy to eliminate marine-derived feed ingredients by 2025. The Florida-based company uses Bluehouse technology to raise salmon sustainably, minimizing carbon footprint. The collaboration will enhance feed innovation and support sustainable salmon farming in the US, with a targeted production capacity expansion to 25,000 tons annually.

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FAQ

What is the current stock price of Atlantic Sapphir (AASZF)?

The current stock price of Atlantic Sapphir (AASZF) is $0.7 as of February 28, 2025.

What is the market cap of Atlantic Sapphir (AASZF)?

The market cap of Atlantic Sapphir (AASZF) is approximately 70.3M.

What is Atlantic Sapphire ASA?

Atlantic Sapphire ASA is a leading aquaculture company specializing in sustainable, land-based salmon farming using innovative Bluehouse® technology.

Where are Atlantic Sapphire’s Bluehouse® farms located?

Atlantic Sapphire’s Bluehouse® farms are located in Homestead, Florida, USA, and Denmark.

What recent partnerships has Atlantic Sapphire announced?

Atlantic Sapphire has partnered with Skretting to use sustainable algal oil in their salmon feed and with Florida Power & Light Company (FPL) to join the SolarTogether® program.

How does Atlantic Sapphire contribute to sustainability?

Atlantic Sapphire contributes to sustainability by using land-based farming, reducing reliance on marine-derived feed ingredients, and offsetting energy consumption with solar power.

What is the production capacity of Atlantic Sapphire’s Bluehouse® in Florida?

The Bluehouse® in Florida is expected to have a total annual production capacity of 25,000 tons by 2024, with a targeted harvest volume of 220,000 tons by 2031.

What is Bluehouse® technology?

Bluehouse® technology is a land-based aquaculture system developed by Atlantic Sapphire for sustainable salmon farming, reducing environmental impact and optimizing fish welfare.

Why is using Veramaris algal oil significant for Atlantic Sapphire?

Using Veramaris algal oil reduces the fish oil content in salmon feed by 25%, helping Atlantic Sapphire move toward eliminating marine-derived feed ingredients by 2025.

How does Atlantic Sapphire ensure a lower carbon footprint?

Atlantic Sapphire ensures a lower carbon footprint by raising salmon on land, sourcing water from the Floridian Aquifer, and using solar power to offset energy consumption.

What is the significance of the partnership with Florida Power & Light Company?

The partnership with Florida Power & Light Company allows Atlantic Sapphire to offset 45% of its energy consumption with solar power, promoting environmentally conscious production.

How does Atlantic Sapphire’s approach to aquaculture impact the market?

Atlantic Sapphire’s approach revolutionizes aquaculture by providing sustainable, locally-sourced seafood, reducing environmental impact, and setting new industry standards for efficiency and responsibility.
Atlantic Sapphir

NYSE:AASZF

AASZF Rankings

AASZF Stock Data

70.27M
35.68M
0.49%
1.11%
Farm Products
Consumer Defensive
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