Minister visited First Water

Hanna Katrín Friðriksson, Minister of Labour and Industry, visited , First Water, the land-based aquaculture company last week, as the company has now put into operation its first 25 meter grow-out tanks at its facility in Þorlákshöfn. This year, the company has invested around ISK 8 billion in tanks, equipment, and infrastructure related to grow-out at its Laxabraut site in Þorlákshöfn.

Fish have already been stocked in three tanks, while First Water has been operating smaller land-based tanks since 2022. Plans are in place to complete the first of six phases by 2027, with each phase expected to have a production capacity of 10,000 tonnes of gutted salmon. The announcement notes that this capacity is comparable to the largest land-based aquaculture companies in Norway and the United States. https://lnkd.in/gDi_hhDZ