Technology company ZeroNorth has announced a long-term strategic partnership with energy and commodity leader Vitol.
The deal will see Vitol gain full access to the ZeroNorth platform, and ZeroNorth customers will in turn gain access to Vitol’s carbon reduction solutions and bunkering services, through the subsidiary Vitol Bunkers.
The announcement means that Vitol will use the ZeroNorth platform to optimise operations in a number of key business areas, including voyage, vessel, bunker, and emissions optimisation, as well as vessel reporting and vessel selection.
“We are delighted to be able to announce this new strategic partnership and full platform deal with Vitol,” said Søren Meyer, ZeroNorth CEO.
“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. 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.”
In the near term, ZeroNorth says that it will use learnings from the collaboration to support the rollout of its new global electronic bunker delivery note (eBDN) solution.
According to Vitol, the deal will help with its continued regulatory compliance with maritime environmental regulations, and help the organisation manage its EU Emissions Trading Scheme exposure by ensuring verified data quality and consolidation for more accurate emissions reporting.
“Driving efficiencies is key to addressing emissions in shipping. As a major participant in shipping markets, we are exploring a range of solutions to facilitate the company’s management of the energy transition,” said Ian Butler, head of energy transition for shipping at Vitol.
“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.”
In February 2023, ZeroNorth acquired BTS, a software platform for marine fuel suppliers, headquartered in Singapore.