News

Landeldi’s management team is proud to announce that funding for the first 2.500 tons phase has successfully concluded for the Deep Atlantic Project. The total new equity funding this year will be €15,3 million. Parallel to €2 million in debt funding.

Landeldi is delighted to announce it has formally become a part of the Þór Þorlákshöfn basketball family. The thrilling success of the team last season, rides in no small way on the supporting wave of a highly energized and enthusiastic local community. Everyone at Landeldi is stoked to be a part of it.

The Icelandic carbon fiber company Trefjar ehf. will build six 12m x 3m tanks for Landeldi's hatchery at Öxnalækur. Trefjar has a great track record of reliably delivering excellent products. It operates in Landeldi's vicinity which helps to avoid the negative environmental impact of long-distance transport of such bulky items.

We proudly announce that Deep Atlantic will supply Hagar's stores in Iceland with premium salmon products, either as fillets or further processed, from December 2022 and onwards. Starting out in our own backyard makes us immensely proud. Supporting and being supported by the community is the greatest reward we as a company can hope to achieve.

Landeldi and the municipality of Ölfus just signed a contract to increase the land area for the Deep Atlantic Project from 18,3 ha to 27,2 ha. As a result, Landeldi has increased the annual forecasted production volume of its Deep Atlantic Salmon from 20.000 tons to 32.500 tons and will subsequently add several biomes in two to three phases.

Landeldi is thrilled to announce it has partnered up with Ernst & Young Iceland the country’s leading consultant agency on ESG matters to formulate Landeldi’s ESG strategy. This exciting partnership is logical step for the company and underscores the fact that Landeldi was initially founded on the principle to tackle the globally pressing environmental, social and governance challenges head on.

April through June 2021 three new boreholes were created to a maximum depth of 120m, all of them yielding astonishing results. They revealed an abundant source of seawater at a very favorable temperature and absolutely cemented the already great location as being the ideal one.

On his first official visit after the Covid pandemic shutdown of 2020, the honorable President of Iceland, Gudni Th. Johannesson and our first lady, Eliza Reid, visited Thorlakshofn and met with our representatives, Halldór Ólafur Halldórsson and Ingólfur Snorrason. Following local festivities, they were shown around and were introduced to the story behind the Deep Atlantic Project.

Olfus municipality and Landeldi signed an agreement about co-operation in realizing the Thorlaksskogar project. Its goal is to work with the municipality on the forestry initiative it has planned for the area immediately north of the Deep Atlantic facilities.

In the last quarter of 2020 we teamed up with our great partners, ISOR (Iceland Geo-Survey) and Ræktó (drilling company). Four test boreholes were drilled down to depths of 94m and all of them met or exceed our expectations. Those results were in line with water quantity and quality from boreholes drilled in the the last three decades.