Dutch land-based aquaculture firm The Kingfish Company is considering a potential equity raise in the region of €30 million ($29.9 million) to €35 million ($34.9 million), as it battles "significant" additional costs and delays with its expansion project in the Netherlands.

The company is also revising the total estimated capital expenditures (CapEx) need for completing the Phase Two expansion in the Netherlands by €25 million ($24.9 million), from approximately €62 million ($61.8 million) to approximately €87 million ($86.7 million).

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"Tightening macroeconomic conditions, including global labour shortage and challenges related to supply chain logistics, and scope enhancements have significantly impacted construction costs," said the group.