Jerzy Malek-owned Arctic Seafood Group, formerly Codfarmers, is investing just over NOK 30 million (€2.7 million/$3.2 million) in a land-based cod facility in Morkved Bay outside Bodo, Norway.

The company has also entered into a strategic agreement for the delivery of juvenile cod to Norcod, which operates sea production of cod in various places in Trondelag, Norway.