Mowi processor gets $300,000 loan to find value in salmon waste

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Barry Group, which processes salmon for Mowi in Harbour Breton, Newfoundland, Canada, gets funding to establish new waste management operation.

In a press release from Atlantic Canada Opportunities Agency (ACOA) the Canadian government has announced that Barry Group is establishing a new waste management operation using materials from its fish processing plant in Harbour Breton to create a new value-added product. The company currently processes salmon for Mowi, which results in a significant amount of fish waste.

The processor – which is also Atlantic Canada’s largest employer in seafood processing – will install new equipment to extract oil from the salmon waste generated during processing and sell it to global markets.

The Government of Canada is providing a repayable contribution of CAD 300,000 (EUR 199,000) towards this project while Barry Group is investing the same amount.

“The Government of Canada recognizes that a strong economy requires a commitment to investing in growing industries such as aquaculture, which create more jobs and resilient communities. This investment in Barry Group will help bolster the local aquaculture industry and build on the region’s competitive advantages in the global ocean economy ” said Canada’s Minister of Innovation, Science and Economic Development and ACOA responsible Navdeep Bains.

“Over the next few years, we’re anticipating a large increase in salmon production in Harbour Breton, which will result in an increase in the amount of waste produced. This new operation will provide us with a viable option by enabling our Harbour Breton plant to effectively process the salmon waste material and turn it into new products,” said Barry Group CEO Bill Barry.