Turning Industry Waste into a New Business Opportunity
News release
Barry Group Inc. plans to extract oil from fish waste
June 14, 2019 – Harbour Breton (NL) – Atlantic Canada Opportunities Agency
Diversification in Atlantic Canada’s aquaculture industry helps develop new opportunities, creates jobs and builds stronger coastal communities. That is why Barry Group Inc. is establishing a new waste management operation using materials from its fish processing plant in Harbour Breton to create a new value-added product.
The company currently processes harvested farmed salmon for Mowi, which results in a significant amount of fish waste. Barry Group will install new equipment to extract oil from the salmon waste generated during processing and sell it to global markets. The new operation will help respond to a need to address commercial fish waste.
The Government of Canada is providing a repayable contribution of $300,000 towards this project while Barry Group Inc. is investing the same amount.
Scott Simms, Member of Parliament for Coast of Bays—Central—Notre Dame, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), made the announcement today.
The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping small and medium-sized businesses to start-up, expand or modernize. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region, and to build on the region’s growing ocean economy.
Quotes
“The Government of Canada recognizes that a strong economy requires a commitment to investing in growing industries such as aquaculture, which create more jobs and resilient communities. This investment in Barry Group will help bolster the local aquaculture industry and build on the region’s competitive advantages in the global ocean economy.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Barry Group is an important community partner that provides employment and economic spin-off activity in this region. This investment supports the company’s plans to expand its operation here in Harbour Breton and provide an innovative solution to managing fish waste by creating new marketable products.”
- Scott Simms, Member of Parliament for Coast of Bays—Central—Notre Dame
“Over the next few years, we’re anticipating a large increase in salmon production in Harbour Breton, which will result in an increase in the amount of waste produced. This new operation will provide us with a viable option by enabling our Harbour Breton plant to effectively process the salmon waste material and turn it into new products.”
- Bill Barry, CEO, Barry Group Inc.
Quick facts
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The Government of Canada is investing $300,000 in this project through ACOA’s Business Development Program (BDP). Barry Group Inc. is investing matching funds of $300,000.
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The BDP continues to build on the objectives of the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
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More than half of Canada’s $30 billion ocean economy is anchored in Atlantic Canada, where ocean industries account for over one-third of all ocean-related jobs in the country.
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Barry Group Inc. is an example of a local company making waves in the global blue economy.
Contacts
Paul McGrath
Director, Communications
ACOA NL
709-772-2984
paul.mcgrath@canada.ca
Karl Sullivan
Senior Vice-President of Operations
Barry Group Inc.
709-576-7292
ksull@barrygroupinc.com
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