Full coverage: Fish

Biomarine Ingredients has been in a restructuring process since last October. Now there is a new plan to save the business, and its CEO is set to change. Creditors are meeting on Friday.

Fish protein company Bio-Marine Ingredients raised €40 million in equity share capital and debt before it ran into trouble last year. A new investor looked likely to buy the company, before existing backers countered.

Bio-Marine Ingredients Ireland wants to replicate the dairy industry's success in turning milk into high-value ingredients – but with fish. A failed funding round last year led to a restructuring of the business, which its CEO says is now seeking to raise €3m.

Migrant fishers tend to exist on the furthest fringes of society, as most of their work takes place many hours from the shore. Protecting their employment rights is proving to be a challenge.