IS Haf Fjárfestingar has invested in Thor Landeldi to establish a 20,000-ton salmon farming operation in Þorlákshöfn, Iceland, aiming to leverage sustainable practices for high-quality seafood production.

Target Information

IS Haf Fjárfestingar has entered into a partnership with Thor Landeldi ehf. to invest in the establishment of a 20,000-ton salmon farming operation in Þorlákshöfn, Iceland. This investment includes a significant equity stake of 53% in the company and aims to fund the first phase of construction, which involves setting up smolt facilities. Thor Landeldi has secured a 20.3-hectare plot located conveniently at Laxabraut 35-41, west of Þorlákshöfn, leveraging its abundant freshwater and seawater resources essential for land-based salmon production.

The project is currently undergoing an environmental assessment process, with plans to begin receiving the first smolts for the facility by autumn 2024, contingent upon successful approval. The leadership team behind this venture—Jonatan Þórðarson, Þórður Þórðarson, and Halldór Ragnar Gíslason—brings extensive experience from various sectors within aquaculture.

Industry Overview in Iceland

Iceland's aquaculture sector has seen significant growth, driven by increasing global demand for sustainable seafood. The country is strategically positioned with its clean waters and minimal pollution, providing an ideal environment for aquacultur