Bio-marine Ingredients Ireland (BII) is a marine bio-tech company located in County Monaghan, just one hour from Dublin Airport. BII is a joint venture between Irish fishing vessel owners and Norwegian partners who are experts in marine ingredients. BII produces the highest quality marine ingredients, utilising the vast quantities of blue whiting which are located proximate to the Irish coast. The main shareholders in BII are fishermen who are the key holders of these quotas which constitute the bulk of the raw materials being supplied to the BII facility.
The combination of an integrated supply chain and state-of-the-art production facilities means BII is a leader in the supply of marine protein hydrolysates, lipids and calcium to the international marketplace.
Bio-marine Ingredients Ireland Ltd receives €510,000 in EU Funding to Develop Seafood Business
Bio-marine Ingredients Ireland Ltd (BII) announced today, 17th November 2017, the completion of an investment project on its Seafood Value-Adding Process with a total investment of €1.7m. The project was part-funded by the Irish Government and the European Maritime and Fisheries Fund under the Capital Investment Scheme and was administered by Bord Iascaigh Mhara (BIM), Ireland’s Seafood Development Agency.
BII CEO, Jason Whooley, termed the investment “a significant boost for our business. The funding for plant equipment we have received from BIM through the European Maritime Fisheries Fund will enable us to target the human nutrition market. To succeed in this market, it is crucial to deliver a high-quality product, with high repeatability and consistency and thus optimum plant equipment is vital in order to produce the highest quality product at minimum cost”.
BII currently employ 15 people at its Lough Egish facility in Monaghan. The company is one of a number of companies that will receive funding under the European Maritime Fisheries Fund (EMFF) in 2017. The overall funding programme which runs from 2014-2020 was adopted by the European Commission in December 2015 and launched in January 2016 by the Minister for Agriculture Food and the Marine. The Programme provides €240m in funding to the seafood sector (fisheries, aquaculture and seafood processing) over the period 2014 to 2020. The Programme is co-funded by the Exchequer and the EU.
For further information on Bio-marine Ingredients Ireland Ltd., please visit our website www.biomarine.ie or contact us on +353-42-974 5541.