Regenerative Capital

Blast Freezing Equipment

by Circle Seafoods
Blast Freezing Equipment

Circle has the opportunity to purchase discounted freezing equipment that will assist them in producing sustainable, reliable, and high-quality fish.

Project Summary
  • Location: Bristol Bay, AK
  • Products: Fishery
  • Loan Amount: $220,000
  • Loan Term: 9 months
  • Interest Rate: 7.50% APR
  • Repayments Begin: 1 month after disbursement


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.

Use of Funds

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. 

Regenerative & Sustainable Practices

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:

  • Driving economic benefits back into fishing communities and reviving the salmon industry in Alaska, negatively impacted over the past several decades by increased farmed salmon competition.

  • Their alternative approach to processing cuts out inefficiencies in the supply chain and minimizes waste from processing.

  • Freezing the fish whole allows them to use 100% of the carcass, eliminating much of the waste and respecting the salmon as a limited resource.

  • Unlike farmed systems, which can be considered industrial aquaculture, Circle does not use chemicals or fish feed high in PCBs or Omega-6’s, and the wild-caught salmon enjoy a natural diet, reducing adverse health issues from biomagnification.

Join the Steward Newsletter

Get project announcements, farmer introductions, company updates, and more by subscribing to the Steward newsletter. Join our growing community of people who are making regenerative agriculture the foundation of our future.

Meet the Farmers

Join a growing community of sustainably-minded lenders reaping the rewards from responsible farming