Technology company ZeroNorth has signed a long-term strategic partnership with energy and commodity leader Vitol, according to the company's release. 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, vessel reporting, and vessel selection. Holistic access to the ZeroNorth platform’s full suite of capabilities will benefit profit and planet, improving Vitol’s bottom line and delivering better environmental outcomes.
In the near term, ZeroNorth will use learnings from the collaboration to support the rollout of its new global electronic bunker delivery note (eBDN) solution. 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.
The reciprocal agreement will enable ZeroNorth to tap into Vitol’s experience to the benefit of all customers using the platform, both as a prominent vessel charterer and owner, as well as an experienced provider of high quality carbon reduction solutions, establishing a new deep collaboration as the industry manages the energy transition. By improving operational transparency between cargo owners and shipowners, ZeroNorth will be able to strengthen the platform’s ability to support emissions reductions in a wider scope.