One of the trademarks of Iceland’s fishing industry is the utilization of the catch and how little is wasted. Production of alternative marine products, byproducts, has increased significantly in Iceland in recent years. While in typical North Atlantic fisheries the head, gut and bones of every cod are discarded, in Icelandic fisheries we have become used to making value out of many of these by-products. This is possible because of improved processing and handling and through research and development aimed at providing new products out of parts previously considered waste. We also offer standard products from most of the fish species found in Icelandic waters, such as silver smelt, redfish, ling and lumpfish.