Circularise companions with Goodfuels on digital traceability answer for biofuels provide chains.
Circularise and GoodFuels, FincoEnergies’ sustainable fuels model, have introduced their undertaking to digitise the biofuels file administration course of required for RED II compliance.
All through this progressive undertaking, FincoEnergies shared their data on bookkeeping processes with Circularise to increase its MassBalancer traceability software program suite to incorporate the biofuels provide chain, including ISCC EU certification as a further supported framework.
The European Union’s RED II regulation goals to make sure that biofuels present a really sustainable various to fossil fuels. As a part of this regulation, data should be maintained for the sourcing, chain of custody, and GHG emissions of the biofuel product course of after which verified by a third-party certification scheme reminiscent of ISCC EU.
This technique of bookkeeping is presently a guide technique of corporations exchanging data from pdfs and spreadsheets, which may be pricey and time-consuming.
Including a digital technique of file administration will enhance data safety and ease-of-use for any organisation that should report their biofuels feedstock and provide chains. By digitising the file holding course of, data on the chain of custody and GHG emissions of the biofuel merchandise may be effectively audited. supporting a reliable and honest marine biofuels trade.
Paul Bakker, Digital Improvement Supervisor at FincoEnergies, mentioned:
Transparency and belief are important to the provision chains of all marine fuels, however particularly biofuels, the place we should be capable to reveal our sustainability claims simply and with confidence.
“By our GoodFuels model, we’re devoted to main sustainability inside the biofuels market, which is why we’re happy to have the ability to help Circularise to enhance the digital reporting course of.”
Jordi de Vos, co-founder of Circularise, mentioned:
By leveraging digital applied sciences to hint the chain of custody and impression of the biofuels, we are able to make clear opaque provide chains and assure that these fuels function a really sustainable various to fossil fuels.
“Our partnership with GoodFuels is a testomony to our shared dedication to drive transparency and sustainability within the vitality sector.”
Going ahead, FincoEnergies will check this software program with their GoodFuels prospects to make sure a sturdy data switch course of. By shifting from guide strategies to software program grounded in RED II rules, Circularise will help FincoEnergies in guaranteeing the prevention of double counting of biofuel credit, additional enhancing belief and transparency all through the worth chain.
This collaboration will proceed to discover methods for FincoEnergies to allow its downstream prospects to pretty allocate the usage of GoodFuels biofuels inside their sustainability reporting. This dedication to honest and clear practices underscores the shared imaginative and prescient of each FincoEnergies and Circularise for a extra sustainable future.
About GoodFuels
GoodFuels is a world model of sustainable gasoline options for highway and marine use, equipped by FincoEnergies. The GoodFuels product line consists of their most sustainable fuels, and integrates the whole provide chain for low-carbon fuels like sustainable biofuels and biomethanol.
From feedstock to tank, GoodFuels’ proposition covers parts of sourcing feedstock and guaranteeing its 100% sustainability, the manufacturing and refining, the worldwide distribution, high quality assurance, and advertising and marketing packages with ports, governments, and cargo homeowners.
About FincoEnergies
FincoEnergies is an impartial, main provider of sustainable vitality options. Their mission is to propel its prospects’ transition in direction of a greater world. FincoEnergies focuses on offering low-carbon vitality and decarbonisation options.
This empowers their prospects to calculate, scale back, inset and offset their emissions. With a powerful vary of manufacturers, like GoodFuels, GoodShipping and GoodZero, FincoEnergies affords a one-stop-shop for innovation, experience, and safety of provide.
About Circularise
Circularise is a digital product passports and mass stability bookkeeping software program supplier based in The Netherlands in 2016. Circularise’s software program system helps suppliers in chemical substances, plastics, battery supplies, metals, and different industries to hint supplies and share their environmental footprint with out risking their delicate information.
By extension, it helps manufacturers to get visibility into their Scope 3 emissions and different metrics, which is aligned with the regulatory push for digital product passports, the SEC’s proposed local weather danger disclosure guidelines, and the Company Sustainability Reporting Directive.
READ the newest information shaping the biofuels market at Biofuels Central
CIRCULARISE PARTNERS WITH GOODFUELS ON DIGITAL TRACEABILITY SOLUTION FOR BIOFUELS SUPPLY CHAINS, The Hague, The Netherlands, October 24, 2023
