Laxey signs phase two deal with ScaleAQ for land-based salmon expansion in Iceland.
The Icelandic land-based salmon producer Laxey has signed a new agreement with Norwegian supplier ScaleAQ covering phase two of its development at Vestmannaeyjar, continuing the rollout of a Norwegian feeding system at the facility.
The second phase will include eight new tanks and a feeding line to expand the post-smolt section of the site. Once fully developed, Laxey is targeting annual production of 32,000 tonnes. The Vestmannaeyjar archipelago, located south of mainland Iceland, has a population of around 5,000 people.
“We are very pleased to have signed this agreement. The most important thing is that what we deliver works well. The fact that they choose us for their continued investment shows that we keep our promises,” said Trond Karlsen, senior sales manager at ScaleAQ.
Laxey was established in 2019 by the Oskarsson family, which has more than 75 years of experience in the Icelandic fishing industry. The company has so far raised €63 million, including investments from Iceland’s three largest pension funds. Norwegian investors are also involved, including the export company Seaborn.
As part of the feeding system setup, Laxey will continue to use silos supplied by Helland Silosystem, based in Ålgård in Rogaland.
“We are very pleased to deliver feeding equipment for the next construction phase at Laxey. This is an exciting project in Iceland, and the collaboration with ScaleAQ has worked very well. We are proud that Norwegian technology and equipment are being used at this outstanding facility,” said Inge Stian Helland, general manager at Helland Silosystem.
The project underlines the growing use of Norwegian aquaculture technology in land-based salmon developments outside Norway, as companies seek to scale production while relying on established suppliers.
