With the new license, Arnarlax confirmed that it will have a total license capacity of 33,700 tonnes.
Arnarlax
The Icelandic Food and Veterinary Authority (MAST) and Environment Agency of Iceland (UST) have advertised a license to be issued to Arnarlax for 10,000 tonnes maximum allowed biomass of sterile salmon.
With the new license, Icelandic Salmon's subsidiary confirmed that it will have a total license capacity of 33,700 tonnes, divided into 23,700 tonnes of fertile salmon in Arnarfjörður, Patreks, and Tálknafjörður, and 10,000 tonnes of sterile salmon in Ísafjörður.
Regarding this fact, CEO Bjørn Hembre said: "This announcement marks another significant milestone for us. It has been a long process, and we are glad to see our application now moving forward towards the finishing line. We are excited about the future and ready to utilize this opportunity for further sustainable growth."
After the consultation period ends, the official and definitive decision will be announced. The company will welcome comments and feedback, which may lead to adjustments or withdrawal of the license.
In November, Arnalax announced a financing agreement of EUR 100 million (USD 107 million). According to the company, "this supported the our growth strategy and enhanced operational flexibility."
The Sustainable Linked Facility agreement was supported by DNB, Danske Bank, and Arion Bank, and is aimed at refinancing existing loan facilities, the company said.