Icelandic Seaweed Factory Blooms in Crisis Skip to content

Icelandic Seaweed Factory Blooms in Crisis

By Iceland Review

Thorverk, a seaweed factory in Reykhólar on the southern West Fjords, delivered profits from its operations last year and is now planning to renew its fleet and expand its operations.

Breidafjördur fjord; view of Stykkishólmur. Photo by Páll Stefánsson.

The company’s CEO Atli Georg Árnason told Morgunbladid that there is growing demand for the factory’s products and that the exchange rate of the Icelandic króna is currently favorable since 95 percent of Thorverk’s products are exported.

A large part of Reykhólar’s 100 or so inhabitants are employed by the seaweed factory. Thorverk harvests seaweed from Breidafjördur fjord, dries it and uses it to produce seaweed meal.

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