Iceland’s K64 Circular Industries aims to redefine sustainable industrial development
Just ten minutes from Keflavík International Airport on Iceland’s Reykjanes Peninsula, an ambitious new project is taking shape that could change the face of sustainable industry in Europe. Known as K64 Circular Industries, the development is being spearheaded by KADECO, with programme director Elín Guðnadóttir describing it as more than an industrial park — it’s the blueprint for a new kind of economy and community.
“It’s about building an ecosystem around circularity and clean energy,” says Guðnadóttir. “We’ve identified 300 hectares with a deep-sea harbour and direct airport access, where we’re creating six industrial zones focused on sectors like fish farming, waste-to-resource innovation, and green energy.”
Strategically located between North America and mainland Europe, the site leverages Iceland’s unparalleled connectivity — Keflavík airport offers direct flights to over 90 destinations — and its natural advantages in renewable energy. But it’s the integration of circular economy principles that sets K64 apart.
The goal? To create a self-sustaining industrial ecosystem where waste from one operation becomes input for another. “We’re looking for partners for joint ventures — whether with clean energy providers or to join the Iceland Eco-Business Park,” Guðnadóttir explains. “It’s about operational symbiosis — heat, CO₂, organic waste — turned into opportunity.”
Momentum is already building. “We’re in talks with aquaculture firms and other industrial players who are excited by the potential of this kind of regional innovation model,” she says. The project also taps into Iceland’s robust knowledge base — universities, skilled talent, and strong government support for sustainability.
But K64 is about more than industry. The masterplan includes lighter commercial zones and residential areas, aiming to blend innovation with livability. “We’re designing a place where people can live, work and create; it’s a full concept,” says Guðnadóttir.
With its bold vision, integrated planning and global outlook, K64 is positioning itself as a next-generation hub for sustainable growth. “This is where innovation meets infrastructure,” Guðnadóttir says. “We’re not just building a business park, we’re building the future.”
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