Pelagia takes majority stake in sludge treatment supplier

With Pelagia as the majority shareholder, Blue Ocean Technology will provide the necessary expertise and capital for further growth.

Credits: Blue Ocean Technology

February 2, 2024

Pelagia becomes the majority shareholder in Blue Ocean Technology after a private placement.

Blue Ocean Technology (BOT) has established itself as a leading company in sludge technology for the aquaculture market. The company has developed its own technology for dewatering and drying aquaculture sludge, both on land and at sea. The focus is on sustainable, compact and energy-efficient systems.

Pelagia is a fishmeal and fish oil supplier of the aquafeed industry with technical solutions for handling trimmings, fish guts and dead fish, and with a contingency solution for fish in the sea. Furthermore, Pelagia has established solutions both at sea and on land to handle the logistics associated with these services.

With Pelagia as the majority shareholder, Blue Ocean Technology (BOT) will provide the necessary expertise and capital for further growth, which in turn will contribute to providing the aquaculture industry with sustainable, circular utilization of sludge resources.

Pelagia's entry into BOT significantly strengthens the company, especially within logistics services related to aquaculture sludge both on land and at sea. “Strategically, Blue Ocean Technology and Pelagia fit very well together. We possess expertise in complementary areas within sludge resources, and together we become a very powerful unit. This applies not only in Norway but also internationally,” said Arve Janbu Fresvik, chairman of the board at Blue Ocean Technology.

BOT is actively working to expand its product range, from its own system for collecting sludge in cages to profitable downstream concepts based on pyrolysis technology. The goal is to offer profitable circular solutions, from sludge uptake, dewatering and drying to transport and sustainable utilization of sludge resources.

“Pelagia aims to become the best partner for the industry to solve some of the sludge challenges. If we succeed, we will increase the sustainability of the industry and reduce the environmental impact for the benefit of all,” said Egil Magne Haugstad, CEO of Pelagia.