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Collaboration to further add value to cod skin

HB Grandi‘s board has signed a letter of intent to participate in establishing a factory that produces collagen protein from cod skin.

The declaration was signed by Icelandic fisheries companies Samherji, Vísir, Þorbjörn and Codland in addition to HB Grandi. Should the plan come to fruition, HB Grandi will submit 150 million ISK (roughly 1,25 million EUR) to the project resulting in a 21,8% share.

Preliminary designs and cost estimates have been completed and constructions are expected to start this summer at the Reykjanes peninsula.