Scanbio Marine Group AS (“Scanbio”), a leading producer of fish protein concentrate, fish meal and fish oil from fresh and fresh preserved fish by-products, recently announced that it has entered into a definitive agreement to acquire Tank og Masse-Transport AS (“TMT”) and Haugland Sjotransport AS (“HS”), two independently owned and operated Norwegian companies that collect, store and transport fish by-product from aquaculture fisheries and fish processing facilities in Norway. The transactions, which are subject to customary closing conditions, are expected to close in the fourth quarter of 2012. Financial terms were not disclosed.
TMT collects, stores and transports category-2 (“K2″) and category-3 (“K3″) fish by-product from aquaculture fisheries and fish processing facilities in Norway. HS owns two state-of-the-art vessels, the Haugfjord and Haugbas, which are leased to TMT. The two vessels are expected to complement Scanbio’s current fleet.
TMT and HS are majority owned by Ole and Kenneth Haugland , who will continue to work with Scanbio after the closing of the transactions.
The majority of fish waste is turned into fishmeal or fish oil. But what if there was a way for processors to earn three to four times more money from selling their fish waste?
Gurry Investments, a Boston-based investment firm established in 2000, is using its technology to produce organic fertilizer using waste from farmed fish. The company, working with fertilizer producer Multi Bloom and Mega Green, which is owned by Consolidated Catfish of Isola, Miss., uses a hydrolysis process. The skin and bones are removed from filleted fish, leaving the protein. The offal is ground into a slurry form, processed and separated in a three-stage centrifuge. The result is a product with 10 percent high quality fish oil and 4 percent sediment, which is used as ground cover, hydrolysate or organic fertilizer.
According to Carl Reetz, president of Gurry Investments, using fish waste for organic fertilizer instead of fishmeal or fish oil can benefit both processors and the seafood industry as a whole.