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"We are going to take advantage of the experience we gain here in the north when the construction really begins in the south," said Arnar Freyr Jonsson, operations manager at the company. From left: Heiddis Smaradottir, Elvar Mar Stefansson, Thomas Helmig, Stefan Haukur Grimsson, Arnar Freyr Jonsson, Gudmundur Sigurpall Olafsson, Olga Gisladottir and Benedikt Kristjansson. Photo: Samherji

Samherji begins work on $15.5 million land-based expansion, a prelude to massive salmon farming project

The expansion will give the company experience it plans on applying to its 40,000 metric-ton salmon site.

28 January 2022 21:00 GMT Updated 28 January 2022 21:06 GMT

By Dominic Welling

Icelandic seafood giant Samherji said Friday it has started work expanding its existing land-based salmon and char farming operation in Oxarfjordur, in the northeast of the country.

The project will increase production to 3,000 metric tons per year, doubling the output of the existing site. The cost will be close to ISK 2 billion (€13.9 million/$15.5 million).

The Akureyri, Iceland-based company is planning to invest more than ISK 45 billion (€312.5

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Samherji begins work on $15.5 million land-based expansion, a prelude to massive salmon farming project