BioMar Group has announced a partnership with Síldarvinnslan to build a net-zero aquafeed facility in Iceland. Therefore, it will become the only global feed company in the Icelandic market.
Regarding this announcement, Carlos Diaz, CEO of BioMar Group, said: "As part of our strategy, above and beyond, we are committed to expanding our business to new geographies and demonstrating our sustainability ambitions."
"Partnering with Sildarvinnslan offers a great opportunity to grow the Icelandic industry locally, and in a sustainable way," he added.
In more detail, the partnership includes Sildarvinnslan's Laxá production facility and existing feed operations. These have been already importing and distributing BioMar starter feeds for several years. Besides, BioMar's extensive R&D portfolio and expertise in the use of novel ingredients will be leveraged.
On the other hand, the CEO of Síldarvinnslan, Gunnþór Ingvason explained: "We have had a long-standing relationship with BioMar. This joint venture is an ideal fit between two companies fully dedicated to driving an ambitious sustainability agenda."
Finally, Ingvason concluded: "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 allow us to supply Iceland's aquaculture industry with feed that will enable a differentiated offering to the global market."
According to Biomar, new land-based projects in Iceland are taking advantage of the natural environmental conditions. So, it reduces resource requirements by utilizing geothermic sources.
This location is ideal for a net-zero facility that will reduce the need for imported feeds while benefiting from Iceland's cost-effective green hydro and hydrothermal energy supply and locally available ingredients.
