HB Grandi is to join forces with four other Icelandic fisheries companies – Samherji, Vísir, Þorbjörn and Codland – to construct a new factory that produces collagen protein from cod skin.
Should the plan come to fruition, HB Grandi will submit ISK 150 million (USD 1.3 million, EUR 1.2 million) to the project, which would give it a 21.8 percent share.
Preliminary designs and cost estimates have been completed and construction is expected to start this summer at the Reykjanes peninsula, the company said.
