Oregon's seafood processing industry is poised for a significant transformation following discussions in the House Committee on Economic Development, Small Business, and Trade. During a meeting on March 12, 2025, committee members explored a new bill aimed at enhancing the utilization of seafood waste for non-food products, a move that could create economic development opportunities across the state.

The bill, which has garnered support from major players in the industry, including Pacific Seafood, seeks to divert waste streams from seafood processing into higher-value products. This initiative is not merely an extension of existing practices but represents a shift towards innovative product development, similar to successful models in Iceland. The committee emphasized the importance of scientific analysis and collaboration among various research facilities in Oregon to achieve these goals.

Key discussions highlighted the need for coordination among stakeholders, including processors, researchers, and state agencies, to streamline efforts and maximize the potential of Oregon's seafood resources. The committee acknowledged that while there is significant potential for private investment in this area, a foundational government-supported framework is necessary to attract venture capital and facilitate growth.

As the committee moves forward with the bill, the focus remains on leveraging Oregon's existing capabilities to foster a sustainable and economically beneficial seafood processing sector. The implications of this initiative could reshape the industry, positioning Oregon as a leader in innovative seafood utilization and contributing to the state's economic development.