Laxey

About Laxey

Laxey is a startup based in the Westman Islands, Iceland, that aims to establish a land-based fish farm. The company's primary focus is on the farming of Atlantic salmon, with an annual production target of 32,000 tonnes. This venture is in response to the rapidly growing global demand for salmon, which has been outpacing supply due to population growth and improved living standards.

Laxey's business model is centered around sustainable aquaculture. The company plans to use a flow-through system that recycles about 70% of the water and removes waste from the effluent. This system has proven to be effective in recent years, solving major problems associated with land-based fish farming. Furthermore, the company commits to responsible farming practices, including vaccinating juveniles and refraining from using drugs in the farming process.

The Westman Islands provide an ideal location for this venture due to their high sea temperatures, which are the warmest in the waters around Iceland. This makes it an excellent environment for farming Atlantic salmon, a species known for its high-quality protein and popularity as a food source worldwide.

Laxey's revenue is generated from the sale of farmed salmon to various markets around the world. The company's commitment to sustainable and responsible farming practices also positions it well to meet the increasing consumer demand for environmentally and socially responsible food production.