Landnýting ehf is dedicated to managing and planning land properties to maximize and optimize food production for export, focusing particularly on large-scale greenhouse vegetable cultivation.

Landnýting
Landnýting ehf was officially founded by Halldór Pálsson and Thorkell Sigurlaugsson. The company focuses on profitable investments and the effective utilization of Iceland’s land resources to boost production of food, goods, and services, thereby increasing national export revenues. This approach adheres to principles of sustainability, low carbon emissions, and optimal use of natural resources.
The aim is to ensure that ownership remains predominantly Icelandic.
Our strategy emphasizes: • Commercial development. • Collaboration across economic sectors. • Leveraging modern knowledge, automation, and industrial processes to optimize resource use and enhance national competitiveness.
Our partners include:
Agricultural University of Iceland
Strategic Program
- Improve land utilization.
- Enhance productivity and profitability through active commercial development and progressive management practices.
- Strengthen synergies between sectors, such as land-based aquaculture and greenhouse cultivation, by leveraging shared resources and by-products to benefit both industries.
- Focused on environmental considerations, sustainability, carbon offsets and catering to Iceland's strength as renewable resources, nature and knowledge create unique value for the export of food and other products, as well as tourism.
Meet Our Team

Gísli H Halldórsson
Chairman of the Board
Gísli holds a degree in economics from the University of Iceland (HÍ) and a master’s in resource management from the University of Akureyri (HA). With extensive management experience, he has served as mayor of the Ísafjarðarbær and Árborg municipalities. He is currently the Chief Financial Officer of Vatnajökull National Park.

Óttarr Makuch
General Manager
Óttarr is an accomplished leader with extensive expertise in business and politics.
Halldór Pálsson
Founder and Board Member
Halldór is a seasoned entrepreneur with experience founding companies in Iceland and across Europe.
Þorkell Sigurlaugsson
Board Member
Thorkell has a degree in economics and extensive experience in the business sector, including board roles in companies both large and small.

Hrafnhildur (Krumma) Jónsdóttir
Board Member
Hrafnhildur brings broad international experience as a general manager, board member, and consultant for companies of varying sizes. She resides in both France and Iceland.

Jón S. Magnússon
Project Manager and Board Member
Jón has extensive leadership experience in commercial and industrial enterprises.

Esteban Baeza Romero
Consultant
Esteban, an expert in greenhouse systems, holds a PhD in Agricultural Engineering from Wageningen University. His 10 years of research experience include work at the Greenhouse Technology Department of the Las Palmerillas Experimental Station.

Nína Halldórsdóttir
Expert and Consultant
Nína is a certified mediator and coach for individuals and teams, holding a B.A. in Psychology and a diploma in Positive Psychology.

Sergio Moreno
Quality Director
Sergio is an agricultural engineer with a PhD in Biotechnology and Industrial Bioprocesses.
Our Advisors

Dr. Ragnheiður Inga Þórisdóttir
President of Agricultural University of Iceland

Áshildur Bragadóttir
Director of Development at Agricultural University of Iceland

Jens Þórðarson
CEO of Geo Salmo Land-based Aquaculture

Sigurður Markússon
Development Director at Sæbýli hf.

Árni Bragason
Director General of the Soil Conservation Service of Iceland

Jón Hjaltalín Magnússon
Entrepreneur

Logo
"Landnýting" translates to "Land utilization". The three rings in the company logo highlight the importance of soil, sustainable farming and water as the source of all life. They also represent the circular economy that the company aims to build its activities on.
Our Project
The founders envision leveraging Iceland’s vast land resources to meet the challenges and opportunities presented by climate change, population growth, rising food demands, and increased tourism.
The goal is to attract strong investors to create a robust company capable of advancing diverse projects in sustainable agriculture.
Landnýting will take an important step towards utilizing the country's agriculture potential for producing high-quality food for export.

- Key features of our approach include:
- State-of-the-art VENLO high-tech greenhouses with AI-driven climate control, planting, and harvesting
- Sjálfvirkni við plöntun og uppskeru
- Natural fertilization techniques.
- Pesticide-free operations
- Irrigation using clean, drinkable water
- Environmentally friendly energy sources
Contact us
Landnýting ltd.
Gróska
Bjargargata 1
102 Reykjavík
landnyting@landnyting.is
+(354) 790 9000
reg. 680622-1240