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Stolt Sea Farm achieves record sales of turbot and sole in 2024

La Coruña, 17 March 2025 | The company recorded all-time high sales, with 6,861 tonnes of turbot and 1,806 tonnes of sole sold.

Stolt Sea Farm, granja Cervo

Stolt Sea Farm, the aquaculture division of Stolt-Nielsen Limited, has solidified its growth in 2024, achieving key milestones in production, expansion, and sustainability. These achievements align with the company’s long-term goal of reaching an annual production capacity of 23,000 tonnes by 2035.

These outstanding results were highlighted in Stolt-Nielsen Limited’s annual report, where CEO Udo Lange emphasized the strong performance of the aquaculture sector within the group: “At Stolt Sea Farm we have seen good demand for our seafood, allowing for strong price development.”

In 2024, Stolt Sea Farm reported $127 million in operating revenue and $29 million in operating profit, driven by strong market demand and stable pricing. The company achieved record-breaking sales, with 6,861 tonnes of turbot and 1,806 tonnes of sole sold. Prices increased by 14.3% for turbot and 8.8% for sole.

Reflecting on this success, Jordi Trias, President of Stolt Sea Farm, remarked: “2024 was a year of excellent production, steady demand and strong pricing, all of which contributed to a strong performance overall.”

To boost production capacity and ensure long-term growth, Stolt Sea Farm has made substantial infrastructure investments. Key developments include expansion of the sole hatchery in Merexo, growth of the hatchery in Cervo, recognised as the world’s largest flatfish hatchery, both in Spain, and construction of a new recirculating aquaculture system (RAS) production facility in Tocha, Portugal.

Stolt Sea Farm has reinforced its commitment to sustainability and efficiency by pioneering new farming techniques and promoting animal welfare. “We will also remain focused on developing our pioneering farming techniques, adopting innovative technologies and engaging in research and development projects and partnerships,” explained Trias.

The company has implemented key sustainability initiatives, as outlined in the report, such as reducing the use of fishmeal and fish oil in turbot and sole feed, opening an innovation unit in Lira, Spain, to optimise by-product use and minimise waste, and achieving Aquaculture Stewardship Council (ASC) certification for sustainability.

“In everything we do, we will remain focused on fish welfare and sustainability, ensuring that future generations continue to enjoy wonderful seafood,” Trias emphasised.

Stolt-Nielsen’s annual report positions Stolt Sea Farm as a pivotal player within the group, with a strategy firmly aligned with sustainable growth and innovation in aquaculture. With these developments, the company continues to progress towards its goal of producing 23,000 tonnes annually by 2035.