A new global impact fund of USD 325 million (EUR 271 million), aimed at the food, agriculture, and ocean technology sectors has been launched by Brussels, Belgium-based venture capital firm Astanor Ventures.
Founded in 2017 by Eric Archambeau and George Coelho, Astanor is an impact investment firm, delivering financial, social, and environmental returns in equal measure. It was set up to invest in disruptive companies creating systemic change in… Read More
Andfjord Salmon has announced plans to fast-track the second phase of its land-based salmon farming facility at Kvalnes, on the Norwegian Arctic island of Andøya.
The work will be carried out in parallel with its first phase of development of its flow-through facility, which will create a capacity of 1,000 metric tons (MT) maximum allowed biomass (MAB). Construction is now underway on its first ocean pool for salmon. The second phase of… Read More
The latest report from the financial think tank Planet Tracker has found that an investment in traceability could be a profitable move for seafood processors, with a better return than the industry’s traditional method of creating value through mergers and acquisitions.
The London, United Kingdom-based nonprofit organization, which focuses on studying environmental issues from a financial perspective, found profit margins could be as much… Read More
Atlantic salmon farming firm Hiddenfjord, based in the Faroe Islands, has reduced its level of carbon dioxide emissions attributed to exporting its fish by 94 percent by discontinuing its use of air freight.
Hiddenfjord suspended its air freight operations on 10 October 2020 and moved to using lower-emission sea freight instead to transport its salmon to markets in China and the United States.
The decision follows publication of a report… Read More
Trondheim, Norway-based Norcod’s third-quarter financial report showed the company is on track to achieve its revenue target of NOK 350 million (USD 38.4 million, EUR 32.6 million) in 2021 ...
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Global efforts to reduce plastic waste are being foiled by a lack of transparency in the supply chain, according to a new report from the Perth, Australia-based non-profit philanthropic Minderoo Foundation and SYSTEMIQ, an organization dedicated to ensuring the United Nations Global Goals and the Paris Climate Agreement are upheld.
The report, “Clearing a Path Through the Waste: Transparency in the Plastics Supply Chain,” points… Read More
A new report from the Seaweed for Europe Coalition finds that the economic potential of the European seaweed sector could be worth as much EUR 9 billion (USD 10.6 billion) and create 115,000 new jobs by 2030 – more employment than the entire European aquaculture sector offered in 2017.
The report, “Hidden Champion of the Ocean: Seaweed as a Growth Engine for a Sustainable European Future,” also looks at the environmental and… Read More
To feed a growing population traceable and nutritious proteins, value-chain collaboration is crucial, according to IFFO, the Marine Ingredients Organization, which recently held its annual conference online.
During the event, IFFO President Anne Mette Baek praised the marine ingredients industry for its ongoing efforts promoting greater sustainability and its engagement with the circular economy – actions she said have helped it maintain… Read More
COVID-19 has had a profound effect on the global seafood supply, forcing suppliers and the organizations that support them, to rethink short- and long-term strategies.
In Scotland, where industry body Seafood Scotland works to improve the value return to the supply chain, the impacts of COVID-19 – compounded by the complications of Brexit – have resulted in a new focus for the organization.
Head of Seafood Scotland Donna Fordyce said… Read More
Trondheim, Norway-based Norcod has successfully completed a private placement of NOK 250 million (USD 27.1 million, EUR 22.9 million) on the Merkur Market of the Oslo Stock Exchange earlier this month ...
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