Pelagia AS is a leading producer of pelagic fish products for human consumption, and an important supplier of essential ingredients in all kinds of fish- and animal feed; protein concentrate, fish meal, and fish oil. Pelagia AS operates twenty-eight departments based in Norway, United Kingdom, Ireland, Denmark and Ukraine. Twenty-five of these are 100% owned, while three are partly owned associates. Pelagia AS is owned by Austevoll Seafood ASA and Kvefi AS in a 50/50 share split.
To Epax, being vertically integrated with Pelagia means access to new raw material sources, security of supply from existing sources, top quality crude oil guaranteed, and storage tank capacity to secure the quantities needed in order to offer security of supply to our customers also in the off-season. We are currently exploring new raw material sources, and Pelagia has commissioned a new crude oil facility to further support Epax’s growth. The facility will be located on the west-coast of Norway, and the construction is underway.
Being successful in working with renewable resources such as fish means adapting to the variations in each fishery season. The fact that we have massive storage tank capacity enables us to secure crude oil when the time is right, rather than having to refill in periods where the oil has less potent fatty acid content.
As a responsible and forward-thinking corporation involved in renewable resources, Pelagia has established a '100% utilization of the fish'-policy, and organized its business in three divisions to help achieve this; Food, Health and Feed. Epax is part of the newly established Health division, focusing on ingredients to the nutraceutical and pharmaceutical industries. Pelagia Health will work to identify new marine ingredients, to improve current and create new production technologies, and to continue to secure a stable and predictable supply of premium quality ingredients.
Our vertical integration greatly contributes to further develop Epax EcoVision, our long-term environmental stewardship policy. Sustainability is at the core of everything we do and means that we ethically manage our environmental, social and financial responsibilities to ensure our ongoing business success without limiting options for future generations. Continuing to develop and improve Epax EcoVision is of vital importance to us, and being vertically integrated will greatly support this effort.