Seyðisfjörður

In September 2026, Kaldvík received licences for salmon farming in Seyðisfjörður. The operating licence from MAST, the Icelandic Food and Veterinary Authority, allows up to 10,000 tonnes of combined maximum biomass at three sites: Sörlastaðavík, Selstaðavík and Skálanesbót.

The licences are an important milestone after many years of preparation. They do not mean farming starts right away.

Before we decide on construction or timing, the remaining permits and authorisations must be in place. We will also review the technical, environmental, biological and financial basis for the project. That review includes what we have learned from recent biological incidents.

We will not move faster than data, permits and conditions allow. Before each next step, we want a regular, open dialogue with the people of Seyðisfjörður, the municipality, local businesses, environmental organisations and everyone else with a stake in the fjord.

Farming in Seyðisfjörður would create direct jobs at Kaldvík and indirect jobs with contractors, transport companies and other services in the East Fjords. The work covers farming, boats and work at sea, fish welfare, biology, technology, maintenance, transport, environmental monitoring and management.

The fish would be harvested at Búlandstindur, our harvesting plant in Djúpivogur. They travel there live by wellboat, and go on to market by ship or air.

We want to show what this means in practice, not talk about value in general terms. As the build-out plan takes shape, we will publish figures for current jobs at each site, new direct and indirect jobs, local purchasing, and the effect on harvesting and processing in Djúpivogur.

Salmon farming companies also pay income tax, a resource fee and landing fees, and pay into the aquaculture environmental fund every year.