“The operational performance has been impressive, validating our expectations for the new site,” said Baldvinsson. “A dedicated team has worked meticulously over an extended period to prepare for this large-scale, high-investment project, laying the groundwork for an industry-leading facility.”

Groundworks for the new facility began in October 2024.

The facility will be located on Reykjanes in HS Orka’s Resource Park and will be built in three phases, producing approximately 10,000 tonnes of head-on gutted salmon annually after the first phase, and reaching a total capacity of 30,000 tonnes per year once fully operational.