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W W W. M A I N E B I Z . B I Z 15 O C T O B E R 1 5 , 2 0 1 8 F O C U S M I D C O A S T & D OW N E A S T M A I N E keeping the fish in a controlled envi- ronment and moving the production closer to end consumer," the report says. "Land-based farming is currently moving from an experimental pioneer phase to industrialization and com- mercialization. Previously, land-based salmon farming for full-grown fish has been seen as a less cost-efficient option, with high initial investment. Significant increase in production cost for traditional salmon farming leads to more businesses looking to land- based salmon farming because it may be commercially viable." Some in the industry are skepti- cal of the prospects for land-farming through the entire life cycle. According to the International Salmon Farmers Association's 2016 report on land- based Atlantic salmon farms, RAS is best suited to early life stages due to challenges like energy costs and quan- tities of water needed to hold the fish as they grow. But Willauer and Heim say emerg- ing technology has made the concept feasible and affordable. "Land-based aquaculture has long been pooh-poohed as something that isn't viable by members of the indus- try," says Willauer. "But folks who are interested in the sustainability aspects of land-based aquaculture disagree." "Land-based aquaculture has a lot of advantages, and that seems to be where the industry is heading and where the investment money is heading," says Heim. (Nordic, established in 2014, has deployed similar technology for a yel- lowtail kingfish operation in Denmark, and has an Atlantic salmon facility in Norway scheduled to go into produc- tion at the end of 2018.) Peter DelGreco, president and CEO of Maine & Co., which helped both companies at various points of plan development, says the projects put Maine on the cutting-edge of this type of technology. C O N T I N U E D O N F O L L OW I N G PA G E » • Harassment Prevention Training • Handbook Development/Revision • Disability Accommodation and Leave Issues • General HR Advising • Representation Before State and Federal Agencies • Audits of HR Procedures and Policies Family Law Personal Injury Law Business Law Commercial Real Estate Estate Planning/Elder Law Employment Law 207-947-4501 • www.rudmanwinchell.com C O U N S E L O R S A T L A W EMPLOYMENT & LABOR LAW Working to Protect & Represent Your Business Interests C O U N S E L O R S A T L A W Focusing on preventive strategies and positive solutions in labor and workplace law You've worked, sweated, and sacrificed. You've made good on a few of life's dreams. Our team will honor this lifelong effort with the same level of dedication —and the same work ethic—that it took to realize your dreams. First Advisors Investment Management. Retirement Planning. Trust Services | firstadvisorsonline.com | 866-563-1900 PROTECTING DREAMS | Securities and investment products are not bank deposits, are not insured by the FDIC or any other government agency, are not obligations of, nor guaranteed by, any bank or bank affiliate, and may involve investment risk, including the possible loss of value or principal amount invested. YOUR LIFE'S WORK IS OUR LIFE'S WORK. 16-FA-2752 lifeswork_apron_print_maine_biz_ad_6_625x5_5_0408_OUT.indd 1 4/8/16 3:13 PM Certainly the scale of the two propsed operations is new and different — and it's new and different for anywhere in the world. — Sebastian Belle Maine Aquaculture Association