Benchmark Holdings converts NOK 190 million Nordea loan to green loan

By Marisa Wong

Los Angeles, June 1 – Benchmark Holdings plc announced it converted its existing NOK 190 million loan with Nordea Bank related to its genetics salmon egg facility in Salten, Norway, into a green loan.

The new green loan remains as ring-fenced debt without recourse to the remainder of the Benchmark group and has a marginally lower interest rate, according to a press release.

The conversion of the loan required the company to meet key ESG criteria, including water management and the use of sustainable raw materials from deforestation-free sources.

Benchmark said its state-of-the-art land-based production facility in Salten, Norway, is designed for high biosecurity and high environmental standards. Access to salmon eggs with specialist genetic traits is a crucial first step in the value chain to produce sustainably grown salmon, the company explained.

Benchmark is an aquaculture biotechnology company based in Sheffield, U.K.

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