Our Aquaculture Future - Palom and RAS
Why Invest In Palom's Recirculating Aquaculture System?
Our nation's aquaculture future will be deeply connected to the use of RAS within the boundaries of the United States because:
- We import over 80% of our seafood of which 5% to 10% is inspected regularly by US agencies under our control; we simply do not know what we are eating
- With the exception of remote areas, our bodies of water, both fresh and sea are polluted, though not lethal, many samples contain hormones and pharmaceuticals affecting the sexes of aquaculture life
- With conventional farming, scale is the objective with environmental damage only managed on an exception basis, kg-of-fish/liter, has been the goal with little regard to the environment
- Conventional growers face exponential problems with pathogens, both non-lethal like lice, and lethal, like anemia. With closed containment, Palom controls all inputs and outputs.
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Detailed Economic Comparison of RAS versus Open Pen
Both large and small companies use RAS for smolt, post-smolt and salmon grow-out:
- Fredrikstad Seafood
- Hatchery International
- Rjukan Akvafarm
- Leroy Seafood
- Marine Harvest
- Grieg Seafood
- Kuterra (Namgis Tribe) British Columbia, freshwater, Atlantic Salmon
- CanAqua - Nova Scotia, saltwater, Atlantic Salmon
- Sustainable Blue - Nova Scotia, saltwater, Atlantic Salmon
- Langsand Laks - Denmark, brackish water, Atlantic Salmon
- Bremnes Seashore post-smolt and market size Atlantic Salmon.
Our Aquaculture Future Is Now
You should invest in Palom because:
- We are ready – no other company has our unique licenses to grow salmon on the coastline of Maine
- Public Hearings – residents want jobs, but the cost of the industry pollution is now known and must be balanced with economic needs. Hearings cause delays for new hearings and new information. It took years to obtain permits. Locals understand that their aquaculture future is with RAS or closed containment
- Remote Area – individuals control much of the Maine coastline. These residents do not wish their view of the ocean to be obstructed. Legal challenges to these permits are common. The Palom site is removed from residential views and surrounded by US Fish and Wildlife acreage
- Clean, Cold Seawater – Prospect Harbor has direct open sea currents and a 12 foot high tide change. The dilution factor is significant.
- The temperature of the seawater at sea bottom is typically 50° or cooler; which is ideal for salmon. In many of the other inlets, Maine water can reach temperatures of 60°F, causing health problems for salmon. There is little shipping traffic and no nets pens for miles from our inlet piping
- We have invested and raised 70% of the total capital needs
- We have invested substantial personal monies which has attracted low cost debt from export banks
- We have test marketed and retained customers who each can purchase our complete production
- Your investment can be simple equity or a perfected interest
- Part of your investment can be government guaranteed
- We have a seasoned team which will be on the ground in Maine
- Sustainable - all of our waste stream will be sold into the food and scientific markets.
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Animated Tour of Palom's Planned RAS