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Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
 Blockchain technology. It’s often been described as the most important invention in computing in a generation.
So it should come as no surprise that ING is again at the forefront of the technology. This time joining forces with banks and some of the largest, energy companies and trading houses to create a blockchain-based digital platform that intends to modernise and transform energy commodities trading.
“I am very excited about this initiative,” said Anthony van Vliet, ING’s Global Head of Trade and Commodity Finance, “Marquee brands and competitors in the energy, trade and banking industry sharing one vision gives us a great opportunity to transform processing in the energy trade commodity sector.”
The new venture seeks to create a secure, real-time blockchain-based digital platform to manage physical energy transactions from trade entry to final settlement. In doing so, it digitalises the process and allows the sector to move away from traditional paper contracts and operations documentation.
Lower cost of energy
Such efficiencies aim to reduce the cost for industry participants which could ultimately result in lower costs for consumers.
The platform is expected to be operational by the end of 2018 and follows the ING-led blockchain initiative, Easy Trading Connect aimed at the larger commodity trade finance area. In addition, ING is a member of the R3 consortium, a group of banks exploring viable blockchain use cases in other areas.
The platform will also reduce administrative operational risks of physical energy trading. It should also improve the reliability and efficiency of trading operations for all supply chain users, while opening the door to innovative funding and financing solutions.
Independent entity
ING is one of three banks involved in the consortium including ABN Amro and Societe Generale. ING also teamed up with Societe Generale on Easy Trading Connect. Several of the world’s largest energy companies and trading houses, i.e BP, Shell and Statoil, Gunvor, Koch Supply & Trading, Mercuria are behind the venture which will be managed and operated as an independent entity. The technology is intended to be made available to all market participants and service providers in the energy trading sector.
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Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15 million short tons ...
Wednesday, 08 November 17
COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
Coal markets were mixed, with coking coal eking out some gains, while thermal coal struggled amid the falling oil prices, ANZ Strategist said in a ...
Wednesday, 08 November 17
WEEKLY SHIPPING MARKET INSIGHT
If you are a dry bulk owner today you are definitely feeling the pressure of the past couple of years off and given the admittedly unexpected growt ...
Wednesday, 08 November 17
NEW QUAY OPENED AT THE INDUSTRIAL PORT IN BREMEN,GERMAN
Press Release: After a building period lasting three-and-a-half years, the port logistics firm Weserport, the “bremenports” comp ...
Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
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Showing 1886 to 1890 news of total 6871 |
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- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
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