Rangárþing ytra municipality in South Iceland and Orkídea have recently signed an agreement to establish a green industrial park.
The new project will aim to achieve cleaner production, reduce pollution, and improve resource efficiency through sharing infrastructure with several businesses. Vísir reports that the new industrial park could bring some 50 to 100 jobs to the region.
In a statement to Vísir, Sveinn Aðalsteinsson, managing director of Orkídea, said: “We envision that Rangárþing will witness a growth of demand for electricity.” The new industrial park aims to meet this growing demand with green electricity, and to share infrastructure in an efficient manner between enterpreises.
Sveinn hopes to attract businesses in food production, biotechnology, and sustainability into the region.
Although no concrete numbers have yet been produced, Sveinn stated that investments in excess of ISK 2 billion were expected for the municipality.