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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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Monday, 09 October 17
INDIA'S COAL IMPORTS UP 10% IN SEPT AS POWER PLANTS FACE FUEL SHORTAGE - PTI
Coal imports rose by 9.5 per cent to 18.33 million tonnes (MT) in September, after having registered year-on-year decline for five months in a row, ...
Friday, 06 October 17
U.S. WEEKLY COAL OUTPUT HAS REBOUNDED AFTER DECLINING 5 WEEKS IN A ROW
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tons ...
Wednesday, 04 October 17
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
During the past couple of months the dry bulk market has displayed particularly strong momentum and we have been witnessing steady appetite and act ...
Tuesday, 03 October 17
VIETNAM'S COAL-FIRED THERMAL POWER DEPENDENT ON CHINA - VIETNAMNET BRIDGE
A report from the Green Innovation and Development Centre (GreenID) showed that, as of the end of last year, of 27 coal-fired thermopower plants, 1 ...
Tuesday, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...
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Showing 1921 to 1925 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- ASAPP Information Group - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
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