In a groundbreaking initiative to promote sustainability in the energy sector, Circularise and GoodFuels, under the umbrella of FincoEnergies, have embarked on a collaborative project to digitize the management of biofuels records. This pioneering effort aims to streamline compliance with the RED II regulation while fostering transparency and trust in biofuels supply chains, marking a significant step toward a more sustainable future in the world of energy, as reported by GoodFuels.
- Circularise and GoodFuels are teaming up to digitize biofuels record management for RED II compliance, enhancing sustainability in the energy sector.
- This partnership aims to replace manual record-keeping with efficient, secure digital processes, ensuring transparency and trust in biofuels supply chains.
- The collaboration fosters a commitment to sustainable practices and paves the way for a greener, more responsible energy sector by preventing double counting of biofuel credits.
A New Era for Sustainable Biofuels
In an innovative endeavor to advance sustainability in the energy sector, Circularise and GoodFuels, the sustainable fuels brand of FincoEnergies, have joined forces to digitize the biofuels record management process. This forward-looking project aims to streamline the compliance requirements of RED II, contributing to a more sustainable future.
The Challenge of Biofuels Compliance
Under the European Union’s RED II regulation, stringent records must be maintained for the sourcing, chain of custody, and GHG emissions of biofuels. Currently, this process involves manual exchanges of information through PDFs and spreadsheets, which are not only time-consuming but also costly. The collaborative effort seeks to revolutionize these practices, introducing efficiency, security, and trust into the equation.
Fostering Transparency in Biofuels Supply Chains
As Paul Bakker, Digital Development Manager at FincoEnergies, emphasizes, transparency and trust are pivotal in the marine fuels supply chain. The partnership’s vision is to shed light on previously opaque supply chains, ensuring biofuels genuinely serve as sustainable alternatives to fossil fuels.
From Manual to Digital
The collaboration between Circularise and GoodFuels is not just a one-time effort. Going forward, FincoEnergies will put the software to the test with GoodFuels customers to establish a robust process of information transfer. By embracing software aligned with RED II principles, the partnership aims to prevent double counting of biofuel credits and bolster trust and transparency across the value chain.
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Source:GoodFuels
