Rasellas, Greece

Developing a 4,000t Controlled Environment Land-Based Sea Bass Facility in Greece

ImpactMarine’s Rasellas facility in Greece will be a sustainable RAS facility, producing 4,000 tonnes of premium grade Sea Bass per year. Sea bass is consumed in large volumes globally, and RAS production offers a sustainable alternative to destructive net pen production

  • Construction is planned to start in early-2024, with the first harvest in 2025

  • Large market with over 230,000t of sea bass consumed annually

  • 95% of sea bass is supplied from sea-based net pens, which are facing increasing environmental restrictions and operational issues (parasites, rising ocean temperatures, etc.)

Greece is a major producer and exporter of sea bass

  • Greece is the largest producer of sea bass in the EU, and second largest worldwide after Turkey

  • Supplies from Greek sea-based net pen production are under pressure from climate and ecosystem changes

Greece has a unique advantage for the land-based production of sea bass

  • Extensive know-how about the farming, processing and marketing of sea bass

  • Sea bass produced in Greece is recognised for its quality, and therefore delivers higher value in comparison to other producers in Turkey and Spain (much like the difference between Norwegian and Chilean salmon)

  • Well-established export systems with low or no tariff access to all major markets (Italy, Spain, Portugal and France)

ImpactMarine has made significant progress on all aspects of developing its sea bass business in Greece

  • Several sites identified and key surveys and applications underway with support of national and local government and key local stakeholders

  • Strong local team in-situ with exceptional relationships with key stakeholders, especially key government ministries

  • Long-term support committed from RAS partner, Graintec, whose planned “batch-in, batch-out” approach is ideal for sea bass

  • Built management team with 30+ years’ experience selling sea bass into international markets

 

ImpactMarine has made significant progress on all aspects of developing its sea bass business in Greece

  • Key surveys and applications underway with support of national and local government and key local stakeholders

  • Strong local team in-situ with exceptional relationships with key stakeholders, especially key government ministries

  • Long-term support committed from RAS partner, Graintec, whose planned “batch-in, batch-out” approach is ideal for sea bass

  • Built management team with 30+ years’ experience selling sea bass into international markets

Why Greece?

 

Ideal location with advanced marine infrastructure, fresh sea water, and nearby fish storage, processing & packaging facilities

Access to significant local, European and Middle Eastern markets at attractive prices, with national retail distribution centres located nearby in Alexandropoulos

Low-cost logistics to access international markets from the commercial port of Alexandropoulos (incl. air freight access)

Lower costs for implementation (e.g., lower construction costs) and operation than many other European countries

Active support from key stakeholders eager to promote sustainable aquaculture alternatives to damaging sea-based net pen production

Strategically important location with expectation of significant investment in infrastructure and local market development due to proximity to rail route to Black Sea