TripleNine Fish Protein A/S is a modern manufacturing company in Denmark that produces high-quality fishmeal and fish oil for food, medicinal, and animal feed use from about 300,000 tons of raw fish each year.
Their focus is on maintaining sustainable and responsible fishing practices and producing high quality and healthy ingredients for a wide variety of different industries.
During production, the electricity TripleNine uses to process raw product is directly proportional to the amount of fish stock available, leading to massive swings in consumption and usage.
This volatility led TripleNIne to seek out a flexible electricity procurement contract that allowed them to adapt to the changing demands of their business at short notice, without incurring additional costs.
They also wanted a predictable price without the need for internal resource to track and interpret the market.
World Kinect partnered with TripleNine to analyse, monitor, and trade in the electricity market. After working closely with their management team, the Flexible energy procurement and price risk hedging framework was selected.
As part of our Energy Procurement Advisory services, World Kinect expert team researched local electricity suppliers, conducted a competitive tender exercise, and secured electricity contracts for TripleNine’s production facilities, matching consumption with a spot delivery agreement and full volume flexibility. s.
For the price hedge, a consumption forecast is used – easily adjusted if needed – and financial positions can be purchased or sold to adapt the portfolio to new conditions.
Our team helps TripleNine report on the performance of their portfolio with daily updates and access to World Kinect Online - our award-winning customer portal. The on-demand World Kinect Online portal presents customer’s enterprise-wide consumption, cost, and carbon emission data and visually benchmarked the company’s portfolio against the market.
