The Danish fishmeal and fish oil industry is not solely dependent on Russian gas

The Supply Crisis Continues, but It’s No Longer About Energy: A New Fish Reality Emerges

DENMARK
Friday, October 11, 2024, 00:10 (GMT + 9)

The initial fear of Russia cutting off natural gas sent European energy authorities into overdrive. Today, the gas supply is stable, yet more than 80% of companies and public authorities are now concerned about a different issue: a shortage of goods.

For TripleNine, a major fishmeal and oil producer, the anxiety has shifted from gas shortages to a lack of fish. Although the overall supply situation is stable, the scarcity of fish has emerged as a significant challenge.

Two years ago, companies like TripleNine were alerted to the possibility of a Russian natural gas cut-off. Now, with energy supplies secure, the focus has turned to another pressing issue: insufficient fish stocks.

Director Thomas R. Sørensen of TripleNine explains to Erhverv+ that the Brexit agreement was supposed to provide Danish fishermen access to British waters for catching sandlance (Ammodytes hexapterus), an essential resource for the company. However, this access has not materialized, resulting in a substantial reduction in raw materials and necessitating adjustments to production capacity.

While energy supply is no longer an immediate concern, TripleNine is proactively working to reduce its energy consumption and exploring alternatives like hydrogen.

However, hydrogen currently costs 7 to 9 times more than natural gas, meaning TripleNine remains reliant on gas to sustain its production.

editorial@seafood.media
www.seafood.media

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