Olavur has more than 20 years of experience as an entrepreneur within business development, project management and socio-economic impact analysis.
Since 2012 he has been the major shareholder in Ocean Rainforest, which is one of the largest seaweed cultivation companies in Europe. Furthermore, he was the coordinator of the MacroValue project funded by Nordic Innovation; the NORA project MacroBiotech and a key partner in the European H2020 Bio Based Industry project MacroCascade. These projects all relate to macroalgae – or seaweed – cultivation and processing, marine ecosystem management, renewable energy, and sustainable food and feed production.
Olavur is also a member of the Nordic Bioeconomy Panel and the West Nordic Bioeconomy Panel representing the Faroese Government.