Lerøy working on key salmon blood health project

iron supplement tablets in woman's hand

The Lerøy Seafood company is working on a project that could develop salmon blood into an important health supplement, it has been disclosed. The Norwegian research organisation, SINTEF, says the aquaculture industry has a residual raw material utilisation rate of approximately 94%, but at the moment the only remaining part that is not used is the…

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Breaking news: Mowi loses first round in tax case

Mowi has lost the first round of a court battle against Norway’s “salmon tax”. A court in Hordaland, Norway has rejected the company’s lawsuit against the tax, also known as the ground rent or resource rent tax. The company said it will study the decision before deciding its next step. Mowi has a month in…

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Mowi ready for a further green bond issue

Salmon farming giant Mowi is set to raise additional finance through issuing more green bonds, the company announced yesterday. In a stock exchange announcement, Mowi said that it has mandated Danske Bank (Green Bond Advisor), DNB Markets, Nordea and SEB as Global Coordinators and Joint Lead Managers, and ABN AMRO, Crédit Agricole Corporate and Investment…

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Arctic Fish escape investigation reopened after appeal

The Icelandic salmon farmer Arctic Fish is likely to face an investigation into its operations in the Westfjords after all. A decision by the police to drop an inquiry into the accidental release of salmon last year has now been overturned by the Office of Public Prosecutions . The Mowi-owned company experienced the accidental release…

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Gigante confirms new CEO in board shake up

Norwegian land-based salmon farmer Gigante Salmon has a new Chief Executive and has also managed to receive commitment of NOK 120 million (almost £9m) in funding, the company has announced. Gigante Salmon had problems earlier this year, reporting significant mortality with its second smolt batch. In a double Oslo Stock Exchange announcement today, the company…

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