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Googletranslate of the article below. It seems he

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Mr. Fister   Monday, 03/07/16 02:25:22 PM
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Googletranslate of the article below. It seems he has accepted a board position after the change in corporate structure:

"Myrseth moving into the new board
Fishfarmveteran Bjorn Myrseth is heading the board of Sino Agro Food.

Sino Agro Food is a US company that owns and operates various businesses in China. The activity is mainly in aquaculture, beef meat and manure. The company was recently listed on the alternative market Merkur Markets in Oslo, and has a stated ambition to distinguish aquaculture activities into a separate company - which will seek a listing on the Oslo Stock Exchange.

Aquaculture operations are breeding different species in China (around 8,000 tonnes in 2016). The company's main project is a "mega farm" for shrimp in Guangdong province in southern China, where they together with local partners to build a giant indoor RAS facility for shrimp farming and vegetable production. First prawns were just put out in a test phase.

The project will be built in several phases over a period of 15-25 years. When it is finished, it will have a production capacity of 200,000 tons of shrimp (macrobrachium rosenbergii) per year. Local Chinese investors own most of the plant, while Sino Agro Food supply technology. They also have an option to increase its stake from the current 25 percent to 75 percent.

IntraFish meetings Sino Agro Foods teknologidirektor Anthony Ostrowski together with Bjorn Myrseth, IR Manager Erik Ahl as well as a financial advisor from Swedbank under the North Atlantic Seafood Forum.

- With our technology we can produce a lot of shrimp in small areas. Our market is the Chinese middle class, which is large and growing rapidly. They will pay a lot for high quality seafood, said Ostrowski Intrafish.

- A Paradigm Shift
Ostrowski.jpgOstrowski (pictured), who is from Hawaii but live in China, talking fast and far. He drags us through a series of slides packed with estimates of production volumes, prices, fields etc.

- With our RAS technology we can produce 114 times more shrimp per unit area than what is produced in traditional outdoor dambruk, he said.

South China has little available land, but more than enough people (read potential customers). Just around the plant (Pearl River delta) live 120 million people, according to him. And they prefer to buy seafood alive. Upwards of $ 22 a kilo shall live shrimp (macrobrachium rosenbergii) cost on the market in Zhongshan.

Director reviewing the planned prawn production as a paradigm shift.

- We have a holistic approach to food production. There shall be an aquaponic system, where nutrients from seafood production is used to produce vegetables, he says.

According to him there are a lot of benefits with production in recirculating systems (RAS) over open dambruk. Especially goes on Biosafety, as the shrimp have a poorly developed immune defense system. FCR is also far better, and that one can control the temperature and another to optimize production.

- Shrimp Production in China in open ponds have been halved to around 500,000 tonnes a year due to heavy disease, he says.

Myrseth in?
Bjorn Myrseth is a famous man in Norwegian fish farmers. He is a biologist, and was one of the founders of Stolt Sea Farms. Later he founded and directed the listed company Marine Farms, including drives with sea bream and sea bass in the Mediterranean. The company also salmon production in Scotland and cobia in Vietnam. Marine Farms was acquired by Morpol in 2010, which divided up the company and sold off everything except the salmon business (now owned by Cooke Aquaculture).

- I've always been interested in RAS, and was invited to visit Sino Agro Food September. I was back in January, and think that what they do is very interesting. There are great opportunities for both investors and the company. This is the right company with the right technology and the right products in the right market, says Myrseth Intrafish.

- So then you have all bought shares?

- No, actually not yet. I'm on it. I've been asked if I'm interested in going into the board, and has agreed to it. But first company structure changes, says Myrseth.

He will join the board of activities related to aquaculture.

- Beef Meat and fertilizers are not my thing, he says, and laughs.


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