Connect with us

Decarbonisation

ZeroNorth teams up with Vitol to facilitate EUA purchases for EU ETS compliance

Customers will be able to submit request to Vitol for purchase of European Union Allowances for EU Emissions Trading System compliance through the ZeroNorth platform.

Admin

Published

1 year ago

on

ZeroNorth teams up with Vitol to facilitate EUA purchases for EU ETS compliance

Technology company ZeroNorth, in partnership with energy and commodities company Vitol, on Thursday (29 February) announced that customers will be able to request to buy European Union Allowances (EUAs) for EU Emissions Trading System compliance through the ZeroNorth platform. 

The ZeroNorth platform’s Emissions Analytics solution already enables users to calculate their EUA exposure, but this additional functionality enables users to submit a request to Vitol for the purchase of allowances in the same workflow, saving them considerable time and effort. 

ZeroNorth’s Emission Analytics module will facilitate EU ETS exposure management between owners and charterers by improving alignment on data collection, validation and reporting.

The platform will support customers who may not have their own capacity to purchase EUAs, lowering the barrier to entry for compliance with EU ETS rules. 

This also opens a new opportunity for the industry, as traditionally EUA providers might charge a high commission fee, and banks require a large volume of EUAs for transactions. With today’s news, customers can request to buy EUAs in low volumes through a direct link from the ZeroNorth platform.

Shipping companies must surrender their first EUAs by 30 September 2025 for emissions reported in 2024. Initially, the share of emissions that must be covered by these EUAs is 40% of reported emissions in 2024, rising to 70% for 2025’s emissions and then 100% by 2027 and beyond. 

Søren Meyer, CEO, ZeroNorth, said: “We are proud to partner with Vitol on this new functionality for the ZeroNorth platform, which we believe will considerably smooth the process of enabling customers to work with Vitol to purchase their EUAs for ETS compliance.

“EU ETS is transformative in terms of its mandate to reduce emissions from shipping. We understand that for some customers – and particularly those that lack the scale or processes to navigate the regulation – solutions are needed to help smooth their emissions reductions pathway.”

“That’s why we have chosen to work with Vitol’s Carbon Desk, a leader in this space, and make it easier for customers of all sizes to seek to purchase the EUAs they need to have a positive impact on shipping.”

Ian Butler, Head of Energy Transition – Shipping, Vitol, added: “Vitol’s Carbon Desk has deep experience in carbon compliance markets, and with shipping entering the EU ETS this year, we hope our partnership with ZeroNorth will enable their customers to simplify their compliance workflows.”

“We look forward to working with ZeroNorth users who may need to purchase EUAs, in an increasingly complex shipping environment.”

Shipping firms regulated by the EU ETS must possess an approved monitoring plan to oversee and document yearly emissions. ZeroNorth’s Emissions Analytics software enables users to generate emission reports for each vessel under their jurisdiction, alongside a consolidated emissions report at the corporate level, which amalgamates voyage data for ETS compliance.

 

Photo credit: ZeroNorth
Published: 6 March 2024

Related Topics:
Continue Reading

Biofuel

Singapore: Sea Oil Petroleum receives ISCC EU certification, mulls increasing product portfolio

‘Sea Oil seeks to do its part for climate change by giving options to support to our end users,’ says Steve Goh, Head of Trading.

Admin

Published

1 hour ago

on

July 10, 2025

By

Sea Oil logo

Singapore-based bunker trading firm Sea Oil Petroleum Pte Ltd (Sea Oil), a wholly owned subsidiary of Thailand-listed Sea Oil Public Company Limited, has received International Sustainability and Carbon Certification (ISCC) EU certification, learned Manifold Times.

ISCC EU is a certification scheme that verifies compliance with the sustainability criteria for biofuels and bioliquids within the European Union. It ensures that biomass and biofuels used in the EU meet specific environmental and social requirements, including greenhouse gas emission reductions and traceability throughout the supply chain.

The milestone, which took place on 22 May after two months of processing, was reflective of the company’s aim to expand its bunker fuel product offerings to clients seeking sustainable solutions, Steve Goh, Head of Trading at Sea Oil, told the bunkering publication.

“It is important for the bunkering sector to remain relevant, adapt, and play an active role in supporting shipping’s decarbonisation journey,” said Mr Goh while adding that, “this is in line with our group’s green initiative and sustainability drive.”

“As such, Sea Oil seeks to do its part for climate change by giving options to support to our end users.

“By achieving ISCC EU certification, Sea Oil will be in a better position to provide green marine fuel solutions to customers embarking on this journey towards net zero.”

Manifold Times in May reported Sea Oil welcoming a Senior Bunker Trader to its team.

The company started 2025 with an expanded team on both international and local fronts.

Sea Oil Petroleum may be reached at: [email protected]

Related: Singapore: Sea Oil Petroleum boosts Asia and international presence with new Senior Bunker Trader
Related: Singapore: Sea Oil Petroleum enters 2025 with international representatives, expanded team

 

Photo credit: Sea Oil Petroleum
Published: 10 July 2025

Continue Reading

Port & Regulatory

India: DGS seeking for comments for proposed national biofuel bunkering guidelines

Guidelines to align Indian practices with international conventions, contributing to a modern, resilient, and environmentally conscious maritime ecosystem.
Admin

Published

2 hours ago

on

July 10, 2025

By

DGS biofuel bunkering guidelines

The Directorate General of Shipping (DGS), Mumbai on 3 July issued a notice inviting comments from stakeholders on the draft circular on Biofuel bunkering Guidelines.

“Increasing global emphasis on decarbonising the maritime sector has accelerated the adoption of biofuels as a sustainable alternative to conventional marine fuels,” it explained.

“Biofuels, particularly drop-in types such as Fatty Acid Methyl Esters (FAME), Fatty Acid Ethyl Esters (FAEE), Straight Vegetable Oils (SVO), Hydrotreated Vegetable Oils (HVO), Bio-FT-diesel (bio-Fischer-Tropsch diesel) and Biomass-to-Liquid (BTL) fuels, offer considerable benefits by reducing lifecycle greenhouse gas emissions without necessitating major modifications to existing shipboard fuel systems.

“However, the absence of standardised national guidelines for biofuel bunkering operations in India introduces potential challenges related to safety, fuel quality assurance, environmental protection, and operational consistency.”

The proposed circular aims to bridge these gaps by establishing a clear regulatory framework for permitting, operational protocols, safety management, documentation, environmental safeguards, training requirements, and enforcement mechanisms specific to biofuel bunkering.

By implementing these guidelines, the Directorate seeks to ensure safe and reliable bunkering practices, promote the use of cleaner fuels in alignment with India’s environmental commitments, and support the growth of sustainable maritime infrastructure.

The guidelines are crucial for facilitating the responsible uptake of biofuels in the shipping sector, aligning Indian practices with international conventions, contributing to a modern, resilient, and environmentally conscious maritime ecosystem.

The full draft circular on biofuel bunkering guidelines can be obtained from DGS’ website here. Comments and inputs should be sent to: [email protected] and CC to: [email protected] by 18/07/2025.

 

Photo credit: Directorate General of Shipping
Published: 10 July 2025

Continue Reading

Port & Regulatory

China sees rapid growth in new-energy, clean-energy vessels for domestic market

Country has over 600 LNG vessels, primarily used for inland cargo transport, and 485 battery-powered electric vessels, mostly serving as passenger ferries.
Admin

Published

2 days ago

on

July 8, 2025

By

Vice Transport Minister Fu Xuyin MT

China is accelerating its shift to use greener bunker fuels in inland water transport, with more than 1,000 vessels powered by new energy or clean energy now operating nationwide, according to the Ministry of Transport.

As of the end of 2024, the country had over 600 liquefied natural gas (LNG) vessels, primarily used for inland cargo transport, and 485 battery-powered electric vessels, mostly serving as passenger ferries, Vice Transport Minister Fu Xuyin told a press conference on 27 June.

A smaller number of inland vessels powered by methanol or hydrogen fuel cells are also in use, Fu added.

China’s electric vessel industry has developed rapidly in recent years, leading globally in both scale and technological advancement, he said.

Alongside upgrading vessels, China is accelerating efforts to develop green, low-carbon ports, and this includes expanding and renovating inland port terminals with a focus on sustainability, Fu noted.

China is also developing near-zero-carbon inland terminals, encouraging the use of wind and solar power at ports, promoting the use of new energy and clean energy in port machinery and on-site transport vehicles, and prioritizing rail and new-energy trucks for bulk cargo handling, he added.

 

Photo credit: Xu Xiang/China State Council Information Office
Published: 8 July 2025

Continue Reading

Trending