Stakksberg ehf. is a company owned by Arion Bank which in early 2018 took over the operations of a silicon plant at Helguvík from the estate of United Silicon. The Environment Agency of Iceland had shut down operations at the plant in September 2017 owing to shortcomings which resulted in breaches of the plant’s operating licence.  

All necessary operating permits and an agreements on electricity supply have been transferred to Stakksberg, and the company has devised an action plan to remedy operations at the plant, which has been approved by the Environment Agency of Iceland. Stakksberg is also working on a new environmental impact assessment. The new EIA will apply to the corrective action and modifications to the plant which are designed to meet the Environment Agency of Iceland’s demands under the action plan.

Stakksberg is classified as an asset held for sale and Arion Bank aims to sell the company and its assets.