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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, 27 October 17
U.S WEEKLY COAL PRODUCTION FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.9 million short tons ...
Thursday, 26 October 17
CYBER COVER FOR E-BILLS - PHILIP STEPHENSON
KNOWLEDGE TO ELEVATE
Increasingly popular electronic bills of lading are, by their nature, susceptible to the risk of cyber attack. Here, Stan ...
Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
Supramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the differ ...
Thursday, 26 October 17
STRONG SIGNAL FOR AUSTRALIAN COAL DEMAND - GREG EVANS
The International Energy Agency’s Southeast Asia Energy Outlook report, released today, presents a positive outlook for Australian coal produ ...
Wednesday, 25 October 17
COAL MARKETS REMAINED SUBDUED - DANIEL HYNES
Coal markets remained subdued.
Daniel Hynes, Senior Commodity Strategist at ANZ, Coking coal prices were unchanged amid an absence of fresh of ...
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Showing 1901 to 1905 news of total 6871 |
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
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