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Laxey is under construction in Vestmannaeyjar and, while still building, has begun selling salmon abroad and supplies smolt to other Icelandic producers, indicating a move into export markets.
Icelandic aquaculture firms have laid the groundwork for expansion, which could create new jobs, exports and tax revenue if investment plans succeed. The sector is also innovating with new methods to reuse fish farm waste.
Two sets of regulations passed by Icelandic authorities made it nearly impossible for the shellfish aquaculture sector to prosper, according to new interdisciplinary research.
Applications for marine cage aquaculture in Iceland must now go through a competitive tender process, although applications submitted before the law are exempt. The move has raised concerns and criticism over possible unfairness.
Deep-sea salmon farming is touted as an innovation in aquaculture, but it has not yet begun in Iceland. The closed-cage method could help eliminate salmon lice concerns.
Núpsmýri in Öxarfjörður was once among the largest land-based fish-farming sites but is now small compared to new Icelandic projects, Bændablaðið reports.
