BAKKAFROST, the largest salmon farming company in the Faroe Islands, has announced plans to invest in a new biogas plant, working in collaboration with other Faroese fish farmers and local dairy farmers.
The plant will use waste products from fish and dairy farming to produce energy and fertiliser.
The project is one of a number of commitments outlined in Bakkafrost’s new sustainability report, called Healthy Living Plan.
Other significant strategic priorities announced in the report include managing and minimising water use by harvesting rainwater, phasing out the use of ethoxyquin (a synthetic anti-oxidant used for preservation) in all fishmeal in favour of natural antioxidants, and setting up a new healthy living fund to channel community investment through.
Regin Jacobsen, Bakkafrost CEO, said: ‘We believe that by investing in the health of our business, our people, our salmon, the environment and the communities in which we operate, we will create long-term value for society, meeting the growing global demand for protein, responsibly.’
In 2017, Bakkafrost certified two further salmon sites to the Aquaculture Stewardship Council (ASC) standard (which now totals four), and expects to have six ASC certified sites by the end of 2018.
Based in the village of Glyvrar on the island of Eysturoy, Bakkafrost last year produced an average equivalent of almost 700,000 meals a day.
At least 44 per cent of its salmon sales were to the European Union, 18 per cent to the US, 21 per cent to Eastern Europe and 17 per cent to Asia.
It employs 1,104 people, which in a country with a population of only 50,000, makes it a vital contributor to the national economy. The company has a UK and Ireland sales office based in Grimsby.
Picture: Bakkafrost CEO Regin Jacobsen