Greenland Increasing value in the fisheries sector ICELAND OCEAN - - PowerPoint PPT Presentation

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Greenland Increasing value in the fisheries sector ICELAND OCEAN - - PowerPoint PPT Presentation

Oct 18, 2023 331 likes •1.03k views

Greenland Increasing value in the fisheries sector ICELAND OCEAN CLUSTER Dr. Thor Sigfusson Founder & CEO Greenland Increasing value in the fisheries sector Icelandic Seafood Business Total catch (cod) and export value 1981 vs 2011

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Greenland

Increasing value in the fisheries sector ICELAND OCEAN CLUSTER

  • Dr. Thor Sigfusson

Founder & CEO

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Greenland

Increasing value in the fisheries sector Icelandic Seafood Business

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Total catch (cod) and export value 1981 vs 2011

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Employees

2000-2025

Fisheries and fish processing employees 9.000 2011 2023 8.100

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Employees

2000 - 2025

Employees in fisheries and fish processing Employees in the

  • cean cluster

9.000 25.000+ 2011 2023 8.100 35.000+

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Greenland

Increasing value in the fisheries sector North Atlantic Collaboration

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North Atlantic Cluster Project

Canada Greenland Scotland Iceland Norway Ireland Faroe Islands Denmark

Maine

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Collaborating projects

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Business to business session 20 minutes each, country vs. country

Session 1 09.00-09.20 Nofima Iceland Greenland Faroe Islands Canada Norway Denmark Biomarine Cluster Session 2 09.20-9.40 Norway Greenland Iceland Denmark Faroe Islands Canada Norway Session 3 9.40-10.00 Norway Faroe Islands Greenland Norway Denmark Canada Iceland Session 4 10.15-10.35 Norway Denmark Canada Faroe Islands Iceland Norway Greenland Session 5 10.35-10.55 Norway Canada Iceland Greenland Denmark Norway Faroe Islands Session 6 10.55-11.15 Noway Norway Greenland Canada Faroe Islands Iceland Canada Session 7 11:15-11:35 Iceland Canada Denmark Norway Greenland Faroe Islands Nofima

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Greenland

Increasing value in the fisheries sector 2.The IOC Concept: increase value in the ocean cluster by connecting people and businesses.

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Food industry Machinery Fish gear Technology Governance Packaging Fisheries Special service Transportation R&D Power Surveillance service

Own export Own export Own exports Own export Own export

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Technology

Own exports

65 Exporting technology firms Software Laser technology Aluminum Printing Marine Engineering Mechanical Engineering Plastic Welding service

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Ocean cluster accounts for 26% of GDP (IOC´s analysis) instead

  • f 9% (official statistics)
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Greenland

Increasing value in the fisheries sector Opportunities through clustering

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Project sharing

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Collaboration of schools and commercial sector to present the Ocean Cluster in primary schools

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Education in the ocean cluster

New student registrations

20 40 60 80 100 120 140 2010 2011 2012 2013 Reykjavik University Management Course AQFood MSc Coastal management MSc Fish processing Fisheries Science BSc Aquaculture Diploma Food Science BSc Food Science MSc

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Dream scenario for education/R&D!

GMRI Bigelow

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OCEAN CLUSTER HOUSE

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Green fishing ship

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Green Marine Technology World

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Iceland 74% Faroe Islands 51% Greenland 43% Canada 46% Average 54% Norway 48% (McKinsey + est.) 35% 45% 55% 65% 75% 85% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Iceland Faroe Islands Greenland Canada Average Norway (McKinsey + est.)

Utilisation in different countries

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Rest raw material as animal feed or bait

USD 0,4/kg

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Residue processed as Dried food

USD 1.5-2/kg

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Residue processed as bulk supplements

USD 1.5-2.5/kg

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Part of the residue as base for cosmetics

USD 100/kg

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Pharma-

ceuticals

Cosmetics Health food Supplements Food Animal feed Raw material

Value Volume

Value chain for utilization

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Residue as base for pharmaceuticals

USD 2000/kg

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Development Rest raw material Total utilization Health products Innovation

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  • Pilot-factory
  • Utilizes intestines
  • Products: Dried fish,Fish meal, Fish oil, collagen

and more

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Pharma

Healthfood Cosmetics Functional food Food Animal feed Fish meal

Price

Quantity

We need to move up the value chain The traditional fishing industry

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The European Cod

Filet Liver High volume of discards

USD 15

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The Icelandic Cod

More utilisation of liver etc. Better cut, treatment, cooling etc. Export of dried head and bones

USD 20

Sensible management leads to stronger fish stock and lower volume of discards

15USD

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Canned products made from cod liver: Smoked liver and liver paté Fish skin transformed to leather and medical device Hand- & foot creams with

  • mega 3

Liver oil and intestine fish oil. Cosmetics made from enzymes from inner

  • rgans.

Natural fish stock for food processing Caviar from roe

USD 80+

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Dr Thor Sigfusson

Thank you

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Cod liver USD 5-6/kg

  • Up to 12% of Cod's total

weight

  • Storable up to 6 days in ice
  • Rich in Omega 3, Vitamin A

and Omega 6

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Canned and smoked cod liver

  • Similar to foie gras
  • Few producers in the world
  • Popular in West-Europe
  • Contains healthy nutritents

USD 14

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1ml fish oil=0.8g

Raw fish/liver oil

  • Made out of liver or white

fish intestines

  • Offered both as liquid and

capsules

  • Rich in Omega 3, Vitamin A

and Vitamin D

USD14.000/ton

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Liquid liver oil USD 250.000/ton

  • Made from liver
  • Healthy product
  • Rich in Omega 3, Vitamin A

and D

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Fish oil capsules USD 750.000/ton

  • Alternative to the bottle
  • No taste, no smell
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  • Up to 12% of Cod's total

weight

  • Contains bioactive

substances

  • Rich in Enzymes, Proteins

and Omega 3

Intestines ~ USD 0

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  • Pilot-factory
  • Utilizes intestines
  • Products: Fish meal, Fish oil, Enzymes and more
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Penzim gel

  • Natural health product
  • Nurishes and heals
  • Made from enzymes in the

pancreas

USD 50/tube

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Fish skin

  • Up to 5% of Cod's total

weight

  • Medical device, gelatin

production and fish leather

USD 47

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Foot and skin cream

  • Treatment of chronic

wounds

  • Made from marine lipids

and proteins

  • Maintains the skin

USD 52/tube

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Design and clothes – Fish leather

  • Shoe and clothing

production

  • Special texture
  • Strong, durable and

washable

USD 50

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7x7x7 cm

Medical device (bandages)

  • Ideal for chronic wounds
  • Made from cod leather
  • Suitable for ulcer
  • Replacement for pig

bandages

USD 150

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USD14.000/ton Fish meal

  • Made out of bones, cut
  • ffs, intestines and more
  • Popular product
  • Rich in Omega 3, Vitamin A

and Omega 6

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Dried products

  • Up to 35% of whitefish total

weight

  • Variety of species - Head,

bones, fillets and more

  • Big market in Africa
  • Rich in proteins, vitamins,

iron and calcium

USD45/kg

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The European Cod!

The Icelandic Cod

Full utilization

25% 110%