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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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Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...
Thursday, 16 November 17
THE PORT OF NEWCASTLE HAS SHIPPED 14.94 PERCENT LESS COAL IN OCTOBER 2017, DATA SHOWS
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,466.8 ...
Thursday, 16 November 17
GOVERNMENT, 13 COAL MINERS AGREE TO CHANGE CONTRACTS - JP
The government and 13 coal mining companies have agreed to change the old Contract of Work (CoW), as part of the implementation of Law No. 4/20199 ...
Wednesday, 15 November 17
IEA RECOGNISES COAL'S CONTINUOUS IMPORTANCE TO GLOBAL ENERGY NEEDS - WCA
The World Coal Association (WCA) has welcomed the International Energy Agency’s (IEA) recognition that coal will continue to play a vital rol ...
Wednesday, 15 November 17
THERMAL COAL WAS DRAGGED DOWN BY THE WEAKNESS ACROSS THE WIDER ENERGY SECTOR - DANIEL HYNES
The coal market was mixed.
Thermal coal was dragged down by the weakness across the wider energy sector, said Daniel Hynes Senior Commodi ...
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Showing 1876 to 1880 news of total 6871 |
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- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Parliament of New Zealand
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