<\/p>\n
Opening the 5th Fish Waste for Profit conference, entitled \u201cTurning the Blue Economy to 100% Green,\u201d Sigfusson said the 100% Fish movement \u2013 essentially, the better utilisation of each fish caught and farmed to reduce waste whilst also increasing its overall value \u2013 has made great progress in a relatively short period of time.<\/p>\n
There is, he said, a growing worldwide realisation that focusing on fillet production alone is resulting in the waste of almost two-thirds of every fish, parts that he insists \u201dare the most valuable\u201d.<\/p>\n
\u201cPeople are starting to come together to discuss this idea, and it\u2019s expanding fast. We\u2019re seeing things happening. We\u2019re seeing all kinds of movements in different regions around the world. We\u2019re also happily seeing the cluster movement strengthening.\u201d<\/p>\n
Nevertheless, it\u2019s still the case that at least 10 million tonnes of \u201cperfectly good fish by-products\u201d are going to waste annually, he said.<\/p>\n
\u201cWe have been throwing these waste parts away for years and years, and there is no value in it.\u201d<\/p>\n
What the Iceland Ocean Cluster has learned is that bringing stakeholders from different parts of the value chain together is key to overcoming this challenge, with a pipeline of solutions and new revenue streams generated from having academics, start-ups, industry, marketing experts and others looking at a potential challenge or opportunity.<\/p>\n
Bringing all these sectors together establishes trust, and from trust all sorts of benefits have emerged, Sigfusson told the conference.<\/p>\n
The cluster has also confirmed there\u2019s no \u201cone size fits all\u201d when it comes to full fish utilisation due to the great difference between species and geographies. To highlight this, he gave the example of Kerecis, Iceland\u2019s first unicorn company, which is transforming human wound care with revolutionary fish skin grafts.<\/p>\n
\u201cIt is the most successful company in Iceland, worth over USD 1.3 billion, but it is only using around 2 tonnes of fish.\u201d<\/p>\n
\u201cThis is something that we\u2019re seeing coming from different companies in Iceland and elsewhere: solutions that allow for smaller portions to create economic value.\u201d<\/p>\n
In this regard, there also needs to be evidence of the work that has been done, with people seeing products coming out of so-called \u201cwaste-streams\u201d, Sigfusson said.<\/p>\n
The overall aim, he told the conference, is that: \u201c10 million tonnes of waste is turned into value, one fish at a time.\u201d<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Seafood value chains are increasingly changing mindsets and becoming more collaborative to deal with the issue of valuable raw material by-products going to waste, according to Thor Sigfusson, Founder and Chairman of the Iceland Ocean Cluster.<\/p>\n","protected":false},"author":2,"featured_media":9087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[76,28],"tags":[],"sponsor":[],"class_list":["post-9086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-icefish-conference","category-news-ifc"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/9086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/comments?post=9086"}],"version-history":[{"count":1,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/9086\/revisions"}],"predecessor-version":[{"id":9088,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/9086\/revisions\/9088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media\/9087"}],"wp:attachment":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media?parent=9086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/categories?post=9086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/tags?post=9086"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/sponsor?post=9086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}