Undercurrent News

The company operates two vessels along the Norwegian coastline and has strong relationships with a number of important fish farmers in the mid and northern regions of Norway. Biokraft Marin also operates a state-of-the-art by-product processing facility in Selva, Norway. Havard Grontvedt, managing director of Biokraft Marin, and the rest of the Biokraft Marin team will join Scanbio. "We are excited about the acquisition of Biokraft Marin, which significantly increases our access to sustainable category-2 fish by-product while enhancing our ability to provide a valuable service to the growing aquaculture industry by helping fish farmers comply with increasingly strict bio security regulations," said Kvame. "The addition of Biokraft Marin allows us to increase our operational efficiency and provide superior service to many of the largest aquaculture companies in the world, while streamlining our production and logistics footprint through asset consolidation." "It is also consistent with Scanbio's business model of reducing waste and converting otherwise unused by-products into valuable ingredients for both the animal feed and, now, the bio energy sectors. We look forward to welcoming Biokraft Marin's talented team to Scanbio." Scanbio was established in 1984 in Bjugn, Norway. The company specializes in the production of fish protein concentrate, fish oil and fishmeal from fresh preserved by-products (silage) and fresh raw materials. Scanbio has three production plants in Norway and sales operations in Scotland.