Case Study:
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.
CUSTOMER:
INDUSTRY:
LOCATION:
TRIPLENINE
Manufacturing
Denmark
Electricity Procurement
Advisory
Customer Overview
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.
Challenge
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.
World Kinect Solution
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.
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.
The ability to buy supply or retract from the market allows TripleNine to adapt to variations in physical consumption while having the opportunity to profit from price fluctuations.
TripleNine can now manage their energy program without using internal resources, easing pressure on their operations.
The customer achieved stable price in a highly unstable market, saving in one year 20% versus electricity market prices.
Business Impact
ACHIEVED STABLE PRICING
WITH VARIABLE DEMAND
ENERGY PROCUREMENT WITHOUT INTERNAL
EXPERTS
Through the management system we continue to actively work to improve the energy consumption per unit produced. We want this consumption to be as low as possible. We also have a goal of being among the most energy efficient companies in the production of fish meal and fish oil.
TRIPLENINE GROUP A/S,
STATUTORY STATEMENT ON CORPORATE RESPONSIBILITY
Source energy
and fuel
SAVED 20% VS MARKET ELECTRICITY PRICES
Minimize price
and operational
risk