This project was successfully funded by a loan from Steward Regenerative Capital.
Circle has the opportunity to purchase discounted freezing equipment that will assist them in producing sustainable, reliable, and high-quality fish.
Circle Seafoods “Circle” is a salmon processing start-up focused on reviving Alaska’s wild salmon industry by streamlining cold storage. Circle was founded to produce the highest quality, most sustainable protein in the world. To do this, they redesigned the entire supply chain using ultra-low-temperature processing and freezing infrastructure on the water - right where the fish are caught. All of their wild salmon will be caught by local, family-owned boats, many of which have been in their families for generations. Every salmon supports local fishers.
Circle is building and operating mobile, cost-effective, ultra-low temperature fish freezing and cold storage facilities on the water. This loan will assist Circle in purchasing freezers, compressors, and tanks, and their transportation costs. The equipment needs to be purchased quickly in order to move it from Alaska to Aberdeen, Washington, where Circle is building their processing facility.
Circle addresses existing problems in the salmon industry by placing processors at the source of the natural resource - on the water. The mobile nature allows processed-to-order and enables a number of ecological and regenerative benefits, including:
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