In a world facing the challenge of feeding a growing population with limited resources, the aquaculture and poultry industries are at a crossroad. Traditional protein sources for animal feed are becoming increasingly unsustainable and producers are actively seeking alternatives.
The urgent need for new, sustainable protein sources in animal feed is not just a market opportunity - it’s a global imperative. As we stand on the brink of a food production crisis, innovative solutions are needed to bridge the gap between demand and sustainable supply
The solution
We're scaling up the production of insects to convert food waste into high-quality animal feed. This innovative process keeps valuable resources within the food chain, reducing waste and providing a sustainable protein source for aquaculture and poultry. Our solution not only addresses the protein shortage in animal feed but also contributes to reducing the environmental footprint of food production, by entering industrial clusters turning their waste into revenue.
Pre-sale agreement with German poultry industry
250 t
Growth forecast insect production 2030
20-30%
Why is this important?
In fish farming, a staggering 75% of emissions are related to feed production.
Feed costs account for half of the total production expenses in aquaculture.
Globally, one-third of all food produced is never consumed, representing a massive untapped resource.
These statistics underscore not just the environmental impact of current practices, but also the immense potential for innovation in this space.
Why Arctic Protein?
Strategic Focus: We target segments where waste volumes are significant yet manageable, addressing specific industry pain points.
Location Advantage: Based in Norway, we have direct access to key aquaculture markets and deep insights into farmers' needs.
Regulatory Support: Norway's commitment to sustainable aquaculture provides strong incentives for our solutions.
Circular Economy Model: We convert local waste into high-quality feed, creating a sustainable loop in food production.
Scalable Technology: Our insect-based protein production is adaptable to various waste streams and feed requirements, allowing quick response to market demands.
Uncover our red flags.
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The capital-intensive nature of our business, particularly the high costs associated with building factories and acquiring production equipment, presents a significant hurdle.
Uncover our green flags.
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We've developed a strategic approach to mitigate the challenge of the business capital-intensive nature. By partnering with building contractors and leasing equipment, we're creating a model that allows us to remain cash-positive until our facilities are operational. This approach significantly reduces our upfront capital expenditure, making our growth model more sustainable and attractive to investors.
Background
Our journey began with a profound realization: the way we produce food today is not just problematic – it's unsustainable for our future. This challenge resonates deeply with us, especially given the significance of fish farming to Norway's coastal economy and culture. By improving and enabling growth in this crucial industry, we're not just building a business; we're contributing to the resilience of our communities and the sustainability of our food systems. It's this personal connection to our coastline and our commitment to a sustainable future that drives us forward.
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Co-founder and CEO
With a Master's in Business Development and a strong background in economics, Eirik brings strategic vision and financial acumen to our leadership.
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Co-founder and COO
Holding a Master's in Business Development and Informatics, Torjus combines business strategy with technological insight to optimize our operations.
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Co-founder and CTO
Armed with a Master's in Robotics and Automation, Eldar leads our technological innovations, ensuring our production processes are cutting-edge and efficient.
Find more info on our website
https://www.arcticprotein.no/