ZeroNorth, Vitol partner to develop better emissions reporting

The commodity trader will gain full access to the ZeroNorth platform, and in turn, ZeroNorth’s customers will gain access to Vitol’s carbon reduction methods and bunkering services, through the subsidiary Vitol Bunkers.

The announcement means Vitol will use the ZeroNorth platform to optimise operations in several key business areas, including voyage, vessel, bunker and emissions optimisation, vessel reporting and vessel selection. 

In the near term, ZeroNorth said it will use learnings from the collaboration to support the rollout of its new global electronic bunker delivery note (eBDN) service. The deal will also support Vitol’s continued regulatory compliance with maritime environmental regulations, and help the organisation manage its EU Emissions Trading Scheme (EU ETS) exposure by ensuring verified data quality and consolidation for more accurate emissions reporting. 

Speaking on the announcement, ZeroNorth chief executive Søren Meyer said  “We are delighted to be able to announce this new strategic partnership and full platform deal with Vitol. The news aligns with our ambitious strategy in two key areas.”

“Firstly, we are once again able to prove our platform’s pedigree to key industry players and bring them into our ecosystem, to the benefit of their business and the planet. Secondly, and more importantly, it enables us to deepen our collaborative ties with true commodities experts, powering up our teams and capability to deliver the products and services needed for a profitable and decarbonised maritime industry.”

Vitol head of energy transition for shipping Ian Butler added, “As a major participant in shipping markets, we are exploring a range of solutions to facilitate the company’s management of the energy transition.” 

"Our partnership with ZeroNorth will enable us to optimise our vessels, access valuable data, provide critical insight and allow us to evolve new, more efficient ways of working.”

Separately, ZeroNorth also offers customers simplified emissions verification and reporting process after partnering with DNV’s Veracity cloud platform.