TRANSFORMING THE FUTURE OF NORTH ATLANTIC COD - www.norcod.no
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PEOPLE - COD - NATURE TR ANSFORMI NG THE FUTU RE OF NORT H ATLAN TIC COD www.norcod.no Game Changing Cod
IT’S A REAL GAME CHANGER SEASON DEPENDENCY IS NO LONGER AN ISSUE... WE’VE RIPPED UP THE RULE BOOK AND FOR THE FIRST TIME YOU CAN BENEFIT FROM: PEOPLE - COD - NATURE 01 A guaranteed supply of top-quality North Atlantic Cod all year round 02 Available in fixed volumes and delivered within 48 hours for unparrelled freshness CO2 FOOTPRINT THE FUTURE 03 Sustainable practices are key for providing food to an ever-growing Only 2% of the world’s food source derives from our ocean, population. Since aquaculture has by investing in Cod farming we At stable prices – contracts at a very low carbon footprint it’s a can protect our ocean and ensure fixed prices for longer periods great eco-friendly protein choice. the planet has enough food. 04 9% higher fillet yield on farmed compared to wild-caught Cod HEALTH ANIMAL WELFARE 05 Cod is a brilliant healthy addition to the diet due to its incredibly The welfare of our fish is of uppermost importance. We take lean and protein rich nature. considerable pride in looking after With the added peace of mind In fact 96% of the calories in our Cod, keeping the highest that it’s sustainable on an Cod are from the protein content. standards possible to ensure entire new level a healthy and happy Cod. www.norcod.no Pg 1
PIONEERING NORWEGIAN COD FARM A WINDOW OF OPPORTUNITY HARVEST VOLUMES PEOPLE - COD - NATURE 2021 2022 2023 2024 2025 6500t 10,000t 12,500t 24,000t 25,000t NATURAL COD AVAILABLE 2021 STEADY SUPPLY As the first company we Our first Cod will be available Initial surveys has indicated are able to farm North Atlantic in Q2 2021 and by 2025 we strong demand for a steady Cod viably on a commercial will be harvesting over to supply of high quality scale - through natural 25,000 tons Atlantic Cod and sustainable Cod farming techniques www.norcod.no Pg 2
THE OPPORTUNITY IS HUGE THE COMMERCIAL OPPORTUNITY PEOPLE - COD - NATURE 55% 55% of consumers Consumers want 12% Consumption has would like to eat really fresh fish from increased by 12% in the in more seafood their local counter last year, contrasting with a fall in red meat sales 70% 36% 70% of seafood Over a third of them 36% shoppers consumers think believe it’s the retailers’ actively buy ‘sustainability is important’ responsibility to source sustainable seafood sustainable seafood GROWING MARKETS As an example, the UK seafood market alone was worth a total of circa £8.7bn in 2019 and growing: UK retail in home: £3.85bn (+0.6%) Out of home: £4.82bn (+3.4%) Source: Seafish WE BELIEVE FARMED ATLANTIC COD CAN SIGNIFICANTLY HELP MAXIMIZE SALES OF FRESH COD Cod is by far the most popular white fish in Britain and 9/10 of Cod are imported. Source: The Fish Society www.norcod.no Pg 3
PEOPLE - COD - NATURE IT’S A REAL GAME CHANGER THE TIME FOR COD FARMING STABLE DELIVERY BUY WITH CONFIDENCE MEETING DEMAND IS NOW! With growing consumer So you can buy with We can help meet that demand you want year- confidence, knowing demand with high quality round, stable deliveries that your customers will farmed fish produced to a of fresh, sustainable fish. be delighted and you’re large scale, allowing you meeting their expectations to fill the gap between of quality & sustainability. supply and demand. www.norcod.no Pg 4
ABOUT OUR SITES JOINT OPERATIONS WITH NAMDAL SETTEFISK FROM THE COLD HEADQUARTERS SKOGSØYA & PÅLSKJÄRA FARMS CLEAR WATERS OF JAMNUNGEN FARMS THE NORWEGIAN FJORDS PEOPLE - COD - NATURE We supply North Atlantic The only difference is that Cod grown in prime fish we are able to harvest farming conditions in the and process our Cod same environment as the within hours, to keep it wild-caught Cod. completely fresh. Our three locations are located to have optimal conditions for Cod to thrive: 01 Excellent average water 02 Good current and water flow 03 Ideal depth temperatures conditions www.norcod.no Pg 5
HOW WE FARM A NATURAL PROCESS FROM EGG TO FISH PEOPLE - COD - NATURE STAGE 1 STAGE 3 STAGE 5 STAGE 7 BROOKSTOCK LARVAE / ROE SEA PHASE LOGISTICS The Cod are held at the Live feed of larvae has to The Cod are transferred to Through already established facilities until maturity. start within a week sea facilities where it will infrastructure & logistic solutions Continuing selection to grow to 5kg (time varies the product is shipped to produce the best individuals They can be moved to by sea temperature) selected markets growth-phase after 0.5 Currently at 6th generation grams, but is usually held to 1-2 grams ROE GROWTH HARVEST PLATE Females produce large Fry are moved to larger On land the fish are The fish will reach amounts of eggs which tanks where they will grow processed, iced and packed the end-consumer through hatch within 14 days upto 60g-70g prior to ready to be distributed selected partners. STAGE 2 STAGE 4 STAGE 6 STAGE 8 transferring to sea phase www.norcod.no Pg 6
NORCOD QUALITY HIGH QUALITY COD FEEDBACK FROM THE PILOT BATCH Our farmed Cod have been optimised through natural selection The farmed Cod on the left is very white when cooked and has from each generation - meaning that the advantages of our Cod firmer meat compared to its wild-caught counterpart. have been generated 100% naturally. PEOPLE - COD - NATURE CO OK ED W IL OD C D- D C AU COOKED FARME GH TC OD 6% smaller head 8% higher The texture Minimal skin and Farmed Cod is a white and The meat when fresh The yield from whole on farmed headed & of the farmed meat damage on even looking fish. The skin was very firm and had round to fillet was 9% gutted yield Cod is even the farmed is clean and without bruises a sweet taste higher on the farmed on farmed firmer and has Cod vs the wild-caught* a great clean and slightly sweet taste www.norcod.no Pg 7
PROCESS WE WILL PROCESS THE FOLLOWING CUTS HEAD & SKELETON LIVER STOMACH & ROE SKIN & TAIL INNER ORGANS Through our partnership with Sirena Group, we are able to coordinate the production and PEOPLE - COD - NATURE marketing efforts from day one. This enables us to tailor our production to meet the needs of the customers and markets to deliver exactly the desired cuts. 98% OF THE COD IS TO BE USED Whole fish will be delivered as Further processed goods can FOR HUMAN CONSUMPTION HOG & H&G in styro foam boxes be delivered according to or wooden crates. specific requests. HEAD & SKELETON Bones & head are suited for drying or can be used for natural fish stock or BELLY used as collagen LOIN LIVER PORTION Canned products, smoked liver and liver paté can be made from Cod liver TAIL SKIN & TAIL Cod tail and skin can be transformed to collagen ROE & STOMACH Often sold as simply roe and stomach INNER ORGANS Cosmetics or medical products can be made from enzymes from inner organs www.norcod.no Pg 8
DISTRIBUTIONS SALES & DISTRIBUTION GLOBAL SUPPLY BY SIRENA GROUP COD MARKET APPROACH PEOPLE - COD - NATURE Customization to Long term and Professional logistic ensure optimal trusted partnerships department to solutions ensure consistent for customers and optimal delivery SIRENA GROUP IN BRIEF Deals solely One of the 35 years’ An international in sustainable world’s largest of experience brand known for seafood suppliers of marketeering the North Atlantic most exclusive seafood seafood GROUP COMPANIES MAIN DISTRIBUTION MAIN SUPPLY OFFICE LOCATIONS www.norcod.no Pg 9
DELIVERY & FRESHNESS DELIVERED IN 48-72 HOURS Norcod has a logistical setup Customers in southern Europe that enables the delivery will be able to receive it within of our Cod to European 3-4 days. This will ensure that customers in northern, eastern the Cod is much fresher upon PEOPLE - COD - NATURE and western Europe within 2 arrival then what is currently days from it leaving the water. possible in most instances. FOOD SECURITY FOR CUSTOMERS AND CONSUMERS The real benefits of Cod Farming Consumers are looking for allows Norcod to provide stable food security and comfort in production, alongside consistent knowing their food has been delivery options. This is something safely produced. Norcod is able which can only be achieved from to offer a fully transparent and farmed Cod. ethical production. DELIVERY WITHIN 48 HOURS DELIVERY WITHIN 72 HOURS NORCOD HEADQUARTERS www.norcod.no Pg 10
OUR RESPONSIBILITY SUSTAINABILITY OUR PRODUCTION HAS A VERY LOW ENVIRONMENTAL IMPACT No antibiotics are used PEOPLE - COD - NATURE Our feed has high marine content All feed ingredients are sustainable. We have a fish utilization up to 98% We have hybrid vessels that use electricity instead of diesel. The Cod, feed and waste has minimal contamination and impact on its local environment FARMED COD MEETS 5 OF THE UN’S 17 SUSTAINABLE DEVELOPMENT GOALS (SDGS) ZERO HUNGER GOOD HEALTH & WELL BEING RESPONSIBLE CONSUMPTION LIFE BELOW WATER PARTNERSHIPS FOR GOALS Cod farming is an incredibly Cod as a food source has numerous Cod from the Norwegian- and Barents Sustainably produced. Norcod is precisely a cooperation sustainable production method ─ health benefits. seas is rated as “green fish ─ eat between several industries / limited impact on scarce resources of with a good conscience” by WWFs Offering an alternative to wild companies and countries (Havland, the planet. Cod is a fantastic source of high quality seafood guide2. caught seafood. Mørkvedbugten, Ecomarine, Norcod, protein containing every amino acid and and Sirena Group) Successful Cod farming can be is easily digestible. With a FCR of 1.1, farmed Cod is scaled up ─ to supply an increasing among the most efficient food sources body of people. Lean fish e.g. Cod, has among the lowest in terms of required input factors. quantity of persistent organic pollutant. www.norcod.no Pg 11
OUR FEED BALANCING FISH HEALTH & WELFARE To meet the specific nutritional of highly digestible marine PEOPLE - COD - NATURE requirement of farmed Atlantic proteins and lipids. This ensures Cod whilst balancing fish health well-balanced growth and fish and welfare with operational welfare, using raw materials performance in the most which are natural and easily sustainable way possible, digested by the fish. the feeds contain high levels INGREDIENTS • Protein: 48-56% - thereof marine origin: 80-90% • Fat: 18-22% - thereof marine origin: 100% • Raw materials of marine origin (% of dry matter): 65-70%thereof sustainably fished:100% To ensure sustainability, and fish oil are not classified raw materials are sourced as endangered species exclusively from well- and come from healthy fish documented sources. Marine stocks. Certifications ensuring raw materials are sourced sustainability are e.g. MSC/ from ICES regulated fisheries, ISEAL or IFFO-RS. All soy- ensuring avoidance of based raw materials are from overfishing and strains on certified non-GMO farms wild fish stocks. Wild-captured in Europe. fish used to produce fishmeal www.norcod.no Pg 12
WILD-CAUGHT VS FARMED FARMED COD NUTRITIONAL FACTS UK Retailer Wild-Caught PEOPLE - COD - NATURE Norcod Farmed Cod Atlantic Cod Fillets Cod is a great source of protein, Fillets Skinless Boneless Skinless Boneless omega-3, vitamin A, vitamin B12, Analytical Results Analytical Results selenium and iodine. Making it a healthy and delicious choice due Energy Kcal 75 56 to its lean flaky white meat and light flavour. It is recommended Energy KJ 315 239 to eat fish 2-3 times per week. Fat 0.56
Q&A TYPICALLY ASKED QUESTIONS PEOPLE - COD - NATURE What is the difference Is farmed Cod natural? between wild-caught and Yes farmed Cod is completely farmed Cod? natural without any GMO’s, Farmed cod is now on furthermore; the Cod lives in the sixth generation, and its natural habitat. the breeding program has resulted in a smaller head and larger yield than for the Is farmed Cod healthy? wild cod. In addition farmed Yes farmed Cod is very cod does not put pressure healthy and lives its life in on the wild population. clean northern Norwegian waters. It is a fish full of beneficial nutrients. What is in the Cod feed? The Cod feed is based How is farmed Cod best on high quality feed with consumed? a high marine based content. All the feed is Farmed Cod is a great tasting from sustainable produce. fish and versatile fish that can be grilled, baked, cooked, fried, cured, salted, and much more. Is farmed Cod sustainable? It’s a fish that works just as Yes! Farmed Cod is highly well in fine dining restaurants sustainable with a feed or for simple home cooking ratio of 1.1 and a very low rustic recipes. environmental footprint. www.norcod.no Pg 14
PEOPLE - COD - NATURE SUSTAINABLE FARMING GLOBAL G.A.P ASC ORGANIC CERTIFICATIONS Norcod has received green ASC certification is pending Working towards having part of Norcod is working to become certified light from Global G.A.P to full cycle production the production Organic certified to the highest standard. become certified Visit Website: https://www.globalgap.org/uk_en/ Visit Website: https://www.asc-aqua.org/ Visit Website: https://www.bioagricert.org/en/ www.norcod.no Pg 15
SALES ENQUIRIES GET IN TOUCH COMMERCIAL DIRECTOR OF NORCOD & SIRENA GROUP Christian Riber cr@sirenagroup.com PEOPLE - COD - NATURE +45 4546 0565 MANAGING DIRECTOR OF MARIS SEAFOODS Steven Tilston st@mariseafoods.co.uk +44 7710 088 606 CONTACT CHRISTIAN RIBER CONTACT STEVEN TILSTON MORE INFO FOR SIRENA GROUP Visit: sirenagroup.com www.norcod.no Pg 16
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