Northline Seafoods Bringing New Innovations to Fishing Industry
Greater Commercial Lending (GCL), which provides loans to businesses and organizations in under-served and rural communities, has completed $40 million in financing for an innovative salmon processing barge in Bristol Bay, Alaska, that will flash-freeze whole salmon right at the fishing grounds. The loan is guaranteed by the U.S. Department of Agriculture (USDA) through the Food Supply Chain Guaranteed Loan Program. Northline Seafoods’ proprietary system for just-caught whole salmon will eliminate multiple days of transport, fuel usage, excess waste and lost product quality, as compared to traditional processing. Bristol Bay is home to the largest sockeye salmon fishery in the world. With the “Hannah,” Northline Seafoods’ processing barge, local fishing vessels will deliver their salmon harvest directly to the processing facility. >click to read< 20:11
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