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Concurrently, Stefan Scheiber, will be proposed as Chairman of the Board of Directors at the Annual General Meeting in February 2026.

Mowi will retain its existing feed business unit ensuring that production stays in-house while benefiting from Skretting’s formulations.

The soybean meal supplied under the agreement has an estimated carbon footprint between 40% and 70% lower than the Brazilian average.

The certification verifies that soybeans processed at the facility carry a low risk of indirect land use change (LUC).

Production in the EU has struggled to keep pace with China, where lower energy and raw material costs have encouraged investment and large-scale output. 

The renewed certification validates its fully circular model, which relies on repurposing agricultural by-products to produce insect-based protein.

Jack Bendheim, who joined Phibro in 1969, will continue to serve as chairman of the board and provide strategic oversight in his new executive chairman role.

The project forms part of Project Willow, the Scottish government’s initiative to transform Grangemouth into a hub for green technologies.

Hy-D® can now be used commercially in aquaculture across the European Union, effective from December 31, 2025.

Nelson will lead aquafeed market development initiatives, provide specialised technical support to key customers, and work closely with the company’s R&D and engineering teams to optimise feed quality, processing efficiency.