‘We must be very secure on offshore investments,’ states Bakkafrost CEO amidst plans to start offshore salmon farms

Bakkafrost CEO Regin Jacobsen has aired his thoughts about offshore plants for the production of salmon.

Bakkafrost is considering starting offshore salmon farms, but, however, it is not likely to happen in the very near future as a cautious Mr. Jacobsen understands the risks.

“Outside the Faroe Islands, there can be up to 12m high waves, so we must be very secure on offshore investments because it will be “too big to fail” for us. We want to follow developments in Norway closely, as it is clear that some of the technology will prove better than others,” said Mr. Jacobsen, according to Salmonbusiness.com.

Bakkafrost is a salmon farming company based in Glyvrar on the island of Eysturoy in the Faroe Islands. Bakkafrost is the largest fish farming company in the Faroe Islands, and one of the biggest private employer in the islands, if not the biggest. Bakkafrost is the eighth-largest fish farming company in the world.

Author: Jens Hákun Leo

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