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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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Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
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Showing 1931 to 1935 news of total 6871 |
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- The University of Queensland
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Planning Commission, India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bhatia International Limited - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
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