In May 2022, Pioneer acquired Scanbio Marine Group AS, the leading Norwegian fish waste management company, with the objective of creating Europe’s leading sustainable partner to the aquaculture and bioenergy industries.

The Company collects and processes fish waste to produce high-value, sustainable end products for the animal feed, industrial production and bioenergy sectors. It is strongly aligned with Pioneer’s objectives of contributing to the green transition, to the circular economy, and to sustainable food production.

Through Pioneer’s strong biogas expertise, we identified that there was significant value to be unlocked through the management of biomass feedstocks. We targeted Norway as a priority market as it accounts for 50% of the global salmon market and is supported by strong underlying growth drivers.