BioMar Group and Síldarvinnslan are teaming up to build a net-zero aquafeed production facility in Iceland.
The Icelandic aquaculture industry has grown tenfold since 2010 and this move will see BioMar become the sole global feed company in the Icelandic market.
“As part of our strategy, above and beyond, we are committed to expanding our business to new geographies and demonstrating our sustainability ambitions,” said Carlos Diaz, chief executive BioMar Group.
Iceland’s environmental conditions make it an ideal location for a net-zero facility, reducing the need for imported feeds and benefiting from the country’s cost-effective green geo- and hydrothermal energy.
“Partnering with Sildarvinnslan offers a great opportunity to grow the Icelandic industry locally, and in a sustainable way,” said Carlos Diaz.
The agreement includes Sildarvinnslan’s Laxá production facility and existing feed operations which have been importing and distributing BioMar starter feeds for several years.
“Our expertise in the production of sustainable marine raw materials and by-products, our fish processing and farming technologies combined with BioMar’s feed production knowledge will give us the opportunity to supply Iceland’s aquaculture industry with feed that will enable a differentiated offering to the global market,” said Gunnþór Ingvason, chief executive of Síldarvinnslan.
