December 1, 2023

Tricia Oak

Business & Finance Excellency

Supercooling know-how for fish industry warms up company at Canada-Iceland trade clearly show

Freyr Fridriksson has one thing he thinks Atlantic Canadian seafood firms want: a way to hold harvested fish fresh longer than ahead of.

He is the owner of KAPP, an Icelandic company that manufactures supercooling products that shoots slurry ice out of a hose, enveloping harvested fish and promptly bringing their temperature down, but not freezing them solid, within two several hours of landing.

Slurry ice can be created on board a ship landing white fish like haddock and cod or onshore processing farmed salmon. It truly is an improvement on traditional flaked ice storage.

“You get additional shelf lifetime of your fish, so you could, for illustration, have it in the retail store perhaps a few, 4, 5 days extended than abnormal solutions. And you get far better high quality because it is cooled so immediately,” mentioned Fridriksson.

Freyr Fridriksson, operator of Icelandic cold storage company KAPP is in Nova Scotia this week for the first Canada-Iceland seafood know-how trade display. He’s promoting products that retains fish new longer. (Robert Small/CBC)

Fridriksson is component of an Icelandic trade delegation in Halifax this 7 days assembly with dozens of Atlantic organizations in a 1st Canada-Iceland trade present focused on seafood engineering.

“We just want to introduce this to the industry. We have been in get hold of with some of the key leaders in this article and when it arrives to, for example whitefish, and they know us and I feel in the potential we will have a big option here,” he claimed.

Supercooling technological innovation

Supercooling has enabled the Iceland shipping line Eimskip to have fresh new salmon from Iceland and the Faroe Islands throughout the Atlantic to Halifax and Portland, Maine, as cargo in a container box. It really is far more cost-effective than acquiring to air freight it into North The usa.

“I signify that was not occurring two several years, three years ago,” stated Iceland’s ambassador to Canada Hlynur Guðjónsson, who aided manage the trade present in partnership with Canada’s Ocean Supercluster, a federal innovation fund.

Iceland Ambassador to Canada Hlynur Guðjónsson (still left) at the Centre for Ocean Ventures and Entrepreneurship (COVE) advertising trade between Atlantic Canada and Iceland. (Robert Short/CBC)

“You can Enhance the solution everyday living that is providing you a aggressive edge.”

In addition to chilly storage, protein processing and ship design, the Icelandic delegation involves three financial institutions.

“I know from my discussions with some of the Canadian players that, exclusively, if you’re a modest- and medium-sized corporation, you will not truly feel you can get the interest from Canadian banking companies that you want,” stated Guðjónsson.

Iceland banking institutions have been in Canada for a pair of many years.

Trade present two-way road

Tim Spanos. executive director of intercontinental banking at Islandsbanki, reported expertise with the seafood business provides them point of view to glance beyond cycles in the marketplace.

“Becoming ready to consider a extended perspective and, in some respects, owning a better possibility hunger for the correct purchasers, for selective shoppers, you know, we assume which is crucial,” he claimed.

“We really feel like we can compete with your banking companies below.”

Tim Spanos is the govt director of intercontinental banking at Islandsbanki. (Robert Brief/CBC)

The tech trade exhibit is not a 1 way avenue.

On Friday, the Deep Feeling IBM maritime facts centre at Dalhousie University showcased the synthetic intelligence (AI) capabilities it has designed, which contain fish-counting software package.

And Joe Murphy from Halifax based mostly Graphite Innovation and Technologies, which has developed a super slippery non-toxic hull paint that minimizes fuel use, sees a market place in Iceland.

“Speaking with businesses right here these days, everyone’s targeted on eco-friendly technology. We give a great chance for providers in Iceland that are hunting to adopt more recent systems, changing existing coatings current market for occasion,” Murphy explained.