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Europe

Icelandic family raises €42m for land-based salmon farm after selling wild harvesting, processing businesses

An Icelandic seafood family that has exited the wild catch sector has raised €42m for the first stage of a flow-through land-based salmon farm with the ultimate goal of producing 27,000t

By Tom Seaman | Sept. 15, 2023 10:03 BST
Laxey, previously named Icelandic Land Farmed Salmon, has already started the construction of its fish farming facilities in Westman Islands, an archipelago off the south coast of Iceland. Pictured here is the grow-out site which is under construction. Credit: Laxey
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