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flag Norwegian firm Ava Ocean raises $15M to expand sustainable Arctic scallop fishing.

flag Norwegian scallop firm Ava Ocean raised $15 million to expand sustainable fishing in the Arctic, investing in new technologies, infrastructure, and environmental monitoring. flag The funding reflects growing commercial interest in Arctic fisheries amid climate-driven ice melt and rising global demand for responsibly sourced seafood. flag The company’s expansion aligns with Norway’s focus on sustainable ocean management, though specific sites and timelines were not disclosed. flag The move signals a broader industry shift toward environmentally conscious seafood production as consumers and regulators prioritize sustainability.

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