How to neutralize the stink of decomposed fish? Recently I discovered for myself an interesting way to easily produce home made plant fertilizer that is quite effective (tested myself on the plants). It's fish emulsion (so can be used also in a hydroponic system) - 1 part fish wastes(skin/bowels) to 2 parts water placed in an airtight container in a sunny spot for ca. 1-2 weeks. The problem - it stinks unbearably. Both - the gas that is produced during the decomposition and the liquid(/fats).

Is it possible to neutralize the stench somehow without loosing the fertilizing qualities of the emulsion? Especially of phosphorus.
1.1 Ideally of both - the gas and the liquid. But at least of the liquid - as that is what is used actually and then continues to spread the smell after being added to the plants.
1.2 Ideally it should be done using some usual household substances/wastes - maybe adding of lemon/orange peels along with the fish wastes? Or maybe ash/charcoals?

Ideally the resulting emulsion should be acidic as many plants like the pH range of 5 - 6.5 .
Plants like fully decomposed (composted) organic materials just like humans prefer cooked food. The solution which you are preparing, is going to hurt the plants rather badly. For example, cow dung is a good organic fertilizer but fresh manure will burn the plants. Why don't you bury this fish waste in the ground or soil, mix it with old leaves and let it compost for 1-2 months? No smell should arise because soil bacteria and perhaps worms/insects will take care of it. Above all everything will be well covered with soil.
Do not add vinegar or lemon juice to your liquid (which should go to waste anyway). Vinegar has salt and plants don't grow well with salty water.