Scanbio Marine Group AS

Background

Established in 1984 and headquartered in Trondheim, Norway, Scanbio Marine Group AS specializes in the collection and processing of fish by-products to produce high-value, sustainable end products such as fish protein concentrate, fish meal, and fish oil. These products serve the animal feed, industrial production, and bioenergy sectors. The company's mission is to promote a circular economy by upcycling fish waste, thereby reducing environmental impact and supporting sustainable food production. With a significant operational footprint along the Norwegian coastline and presence in Northern Europe, Scanbio plays a pivotal role in the aquaculture industry's waste management and resource optimization.

Key Strategic Focus

Scanbio's strategic focus centers on enhancing its capabilities in aquaculture waste management to become Europe's leading provider in this sector. The company specializes in biosecure collection of category-2 silage, regular delivery of acid, emergency response services, grinding directly from the cage, emergency harvesting onboard mobile harvesting plants, and training in silage routines. By leveraging advanced processing technologies and a robust logistics network, Scanbio aims to maximize the value extracted from fish by-products, catering to the growing global demand for sustainable protein ingredients.

Financials and Funding

In May 2022, Scanbio was acquired by Pioneer Point Partners LLP and Verdane, both investment firms with a focus on sustainable infrastructure and growth equity, respectively. This partnership aims to accelerate Scanbio's growth and solidify its position as a leading aquaculture waste management company. The acquisition was financed through a Green Loan from DNB, Norway's leading bank, underscoring the company's strong sustainable profile. In 2022, Scanbio reported a net income of NOK 1,179,000, total equity of NOK 451,541,000, and total assets of NOK 680,751,000.

Pipeline Development

Scanbio continues to expand its service offerings and processing capabilities. The company provides biosecure collection of category-2 silage, regular delivery of acid, emergency response services, grinding directly from the cage, emergency harvesting onboard mobile harvesting plants, and training in silage routines. These services are designed to meet the evolving needs of the aquaculture industry and support sustainable practices.

Technological Platform and Innovation

Scanbio employs advanced processing technologies to convert fish by-products into valuable ingredients for various industries. The company's proprietary methods ensure the efficient and sustainable transformation of waste materials into high-quality fish protein concentrates and oils. By focusing on upcycling waste, Scanbio contributes to a more circular economy and reduces reliance on resource-intensive commodities.

Leadership Team

Gabriel Kamal El Khaloui: Chief Executive Officer

Sam Abboud: Board Member

Lise Demant: Board Member

Martin John Nye: Board Member

Lina Johanna Nåbo Andersen: Board Member

Erik Osmundsen: Board Member

Andreas Schuler: Board Member

Tor Vikenes: Chairman of the Board

Luca Boschetti: Observer

Fredrika Linnea Matsdotter Svanholm: Observer

Leadership Changes

In May 2022, Scanbio underwent a significant leadership change following its acquisition by Pioneer Point Partners and Verdane. The new ownership structure brought in a leadership team with extensive experience in sustainable infrastructure and growth equity investments, positioning the company for accelerated growth and innovation in aquaculture waste management.

Competitor Profile

Market Insights and Dynamics

The global aquaculture industry is experiencing significant growth, driven by increasing demand for sustainable protein sources. This expansion underscores the importance of efficient waste management solutions to minimize environmental impact and maximize resource utilization. Companies like Scanbio play a crucial role in this ecosystem by transforming fish by-products into valuable commodities.

Competitor Analysis

While specific competitors are not detailed in the available information, the industry includes various players specializing in fish by-product processing and aquaculture waste management. These companies focus on producing fish meal, fish oil, and other derivatives for animal feed and bioenergy markets. Scanbio's emphasis on sustainability, advanced processing technologies, and comprehensive service offerings distinguish it within this competitive landscape.

Strategic Collaborations and Partnerships

In May 2022, Scanbio was acquired by Pioneer Point Partners and Verdane, both investment firms with a focus on sustainable infrastructure and growth equity, respectively. This partnership aims to accelerate Scanbio's growth and solidify its position as a leading aquaculture waste management company. The acquisition was financed through a Green Loan from DNB, Norway's leading bank, underscoring the company's strong sustainable profile.

Operational Insights

Scanbio's strategic positioning is bolstered by its comprehensive service offerings, including biosecure collection of category-2 silage, regular delivery of acid, emergency response services, grinding directly from the cage, emergency harvesting onboard mobile harvesting plants, and training in silage routines. These services, combined with advanced processing technologies, enable the company to efficiently transform fish by-products into valuable commodities, thereby reducing waste and supporting sustainable practices in the aquaculture industry.

Strategic Opportunities and Future Directions

Looking ahead, Scanbio aims to expand its market presence by enhancing its processing capabilities and exploring new product lines derived from fish by-products. The company's commitment to sustainability and innovation positions it to capitalize on the growing demand for eco-friendly and resource-efficient solutions in the aquaculture sector. Strategic investments and partnerships will be pivotal in driving Scanbio's future growth and reinforcing its leadership in aquaculture waste management.