Danish fishmeal and fish oil producerTriplenine plans to invest 105 million Danish krone (US$19.4 million) in a newplant in Shandong province, China, according to reports.

Triplenine says the Danish stae fund IFU will provide an additional DKK35 million (US$6.5 million) to fund the project.

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Triplenine is based in Esbjerg, Denmark. It has factories in Denmark, Norway, Chile, South Africa and Mauritania. The new plant will be the company’s first in China.