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Norwegian company Pelagia becomes the sole owner of Blue Ocean Technology

Norwegian company Pelagia becomes the sole owner of Blue Ocean Technology

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Aquaculture Magazine reports:

Recently, in the last February, the Norwegian company Pelagia became the majority owner of Blue Ocean Technology after a share issue. The company with departments in Norway, United Kingdom, Ireland, Denmark and Ukraine, has now bought the remaining shares and owns Blue Ocean Technology 100%.

“We are happy to hand over the baton to Pelagia after we have built a good starting point for solving an important challenge for the industry. A comprehensive solution for handling sludge in the farming industry needs an industrial approach that Pelagia has the best prerequisites for success with – and we look forward to the ambitions we set for the company and the industry will come to fruition in the coming years, said Arve Janbu Fresvik, Managing Partner in Momentum Partners and former chairman of Blue Ocean Technology, after the announcement.

According the information provided in a press release, “Pelagia has tremendous faith in this segment, and by now taking over all of Blue Ocean Technology, we can seamlessly integrate Blue Ocean’s technology with our logistics solutions, knowledge and networks in the industry at home and abroad. We have clear ambitions to become the preferred total supplier in the profitable and sustainable handling of aquaculture sludge – both on land and at sea,” assured Egil Magne Haugstad, CEO of Pelagia.

Sustainable, compact and energy-efficient solutions

It’s good to remember that Blue Ocean Technology was established in 2012. The company was founded by entrepreneurs with an extensive background in and close ties to the aquaculture industry. The company has developed sustainable, compact and energy-efficient solutions for dewatering and drying aquaculture sludge – with delivered systems along large parts of the Norwegian coast and abroad. Blue Ocean has also come a long way in developing technology to create sustainable, profitable downstream concepts.

Important supplier

Pelagia is an important supplier to the aquaculture industry, with technical solutions for handling trimmings, fish guts and dead fish – as well as contingency solutions for fish in the sea. Furthermore, Pelagia has established solutions both at sea and on land to handle the logistics associated with these services.

The company is a leading producer of pelagic fish products for human consumption, and an important supplier of essential ingredients in all kinds of fish- and animal feed; protein concentrate, fishmeal, and fish oil. Pelagia is also through their company Epax a leading global producer of concentrated marine-based omega-3 fatty acids for dietary supplement and pharmaceutical preparations.

Pelagia operates 28 departments in Norway, United Kingdom, Ireland, Denmark and Ukraine. Twenty-five are 100% owned, while three are partly owned associates, and the operation is divided into three divisions; Food (consumption), Feed (protein concentrate, fishmeal and fish oil) and Health (Dietary supplements and pharmaceutical preparations).

The Food division exports close to 100% of its products, while Feed’s products are mainly sold in the domestic market as essential ingredients in fish- and animal feed production.  It is therefore right to say that close to 100% of the fish is utilized, and ends up at someone table, someday, either directly or indirectly.

Austevoll Seafood and Kvefi own Pelagia in a 50/50 share split. Egil Magne Haugstad is the company’s CEO.

Norway Pelagic, Egersund Fisk and Welcon Invest merged in 2014 and became Pelagia.  Pelagia thereof got two major divisions, Food (fish for consumption) and Feed (protein concentrate, fishmeal and fish oil), as Norway Pelagic and Egersund Fisk were leading producers of pelagic fish for consumption, and Welcon were a leading producer of protein concentrate, fish meal and oil.

Epax Norway became part of Pelagia in 2017 as part of the health specific division. Since 2014 Pelagia has expanded further where Hordafor (protein concentrate, salmon oil and emergency services) became a part of Pelagia as of 2022.

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