Tag: Innovation

Glencore to sell 51 percent of oil products storage business

Swiss-based trading and mining giant Glencore has agreed to sell a 51 percent stake in its oil products and logistics business for $775 million to China’s HNA Innovation Finance Group Ltd, the company said on Friday. Reuters earlier exclusively reported that Glencore was in talks to sell a bundle of its global oil storage stakes, following similar moves by rivals as a boom period for storage shows signs of nearing to an end. Glencore said the deal was expected to close in the second half of 2017 and that the transaction would result in a new company called HG Storage... continue reading

Gentrack accelerates UK growth with the acquisition of Junifer Systems

Gentrack Group Limited (NZX/ASX: GTK) is pleased to announce that it has entered into an unconditional agreement to acquire the UK based utility customer information and billing system provider Junifer Systems Limited (“Junifer”) for an enterprise value of NZ$74.6m (£42.0m)1. Junifer is a market leading utility customer information and billing system provider for energy retailers in the UK with 25 existing customers out of approximately 50 energy retailers in that market. Junifer’s technology is provided on a SaaS basis and offers new entrant utilities a cost effective and pre-configured solution. The combined Gentrack and Junifer business will be a market... continue reading

More Banks to Sign Up for ING’s Ethereum Oil Trading Platform

by Michael del Castillo , Coindesk Dutch bank ING is winding down work on more than 20 blockchain applications, and that’s a good thing, according to one of the bank’s directors of innovation. That’s because what remains from a host of small experiments aimed at creating models, understanding blockchain interoperability and developing a wide variety of technical skills are five applications currently being developed into pilots for real-world applications. While multiple pilots are still being developed behind closed doors, two have already been revealed. One is a soon-to-be-launched platform for trading natural gas. The other is an oil trading pilot... continue reading

Kynetix explains Distributed Ledger Technologies and its future

ComTechAdvisory: What is Kynetix’ interest in Blockchain technologies? Scott Riley: There are three primary drivers to Kynetix’s interest in DLT: 1. Our mission at Kynetix is to bring total trust to the commodity markets. Given the claims that DLTs are a ‘trust machine’ we thought we better explore the assertion. Having been at the forefront of technology in our field for over 20 years, technology is in our DNA. Blockchain or DLT technologies are currently attracting huge interest across financial and physical market players. Our experience has taught us that the best way to understand new technologies is to experiment... continue reading

Eka Software Experiences Significant Growth in 2016

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced 35 percent increased sales in 2016 and 80 percent jump in EBITDA, marking another strong year of growth for the company. – Eka expanded its leadership position in agriculture commodity markets, growing new name customers by 23 percent. Four out of the five of the top global agriculture companies rely on Eka’s platform. – Eka’s energy business added 25 percent new name customers. Energy companies continue to choose Eka because it offers the best functionality, a proven implementation track record, and the lowest cost of... continue reading

INTL FCSTONE LAUNCHES CONVERGE – COMMODITIES RISK MANAGEMENT PLATFORM FOR THE MIDDLE-MARKET

Dec. 8, 2016 Source: INTL FCStone Inc. news release INTL FCStone Inc. (NASDAQ: INTL), a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world, today announced that it has launched Converge, an innovative analytic and risk management platform that allows middle-market participants to manage their commodities exposure. Converge applies INTL FCStone’s superior global reach and capabilities to the unique needs of middle-market organizations operating within the commodities and foreign exchange space, enabling them to organize, track, and analyze commodities positions and thereby make more informed business decisions. Converge provides... continue reading

Eka Software Revolutionizes Stockpile Management with Drone Technology

Partners with the University of Adelaide to develop drone photogrammetry for commodities to provide more accurate and efficient stockpile evaluation. Norwalk, Conn. – December 1, 2016: Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, partnered with the University of Adelaide to revolutionize stockpile management by using drones for commodity surveying. State of the art drones powered with standard SLR cameras take hundreds of images of stockpiles in just a few hours, completing in one day what would typically take a piloted aircraft or individuals with hand scanners a week or more. The images are imported... continue reading

NIFTEM vice-chancellor in favour of corporatisation of farming sector

At a summit titled International Food Innovation 2016: Doubling Farmers Income Through Science, Technology and Innovation (organised by the PHD Chamber of Commerce), Ajit Kumar, vice-chancellor … Read More... continue reading

Agiboo looks back at the European Cocoa Forum 2016 in Dubrovnik

The European Cocoa Association held its sixth European Cocoa Forum on 15 and 16 September 2016 in Dubrovnik, Croatia.  This year’s edition, which welcomed approximately 230 participants from both the private and public sectors, covered a variety of compelling topics for the cocoa sector and beyond. Agiboo joined the forum in Dubrovnik and congratulates the ECA team with the wonderful organization.   Many cocoa related topics and subjects were covered during the event   *Climate change impact – what should we expect? How can the cocoa sector mitigate consequences? What innovative approaches exist? *Cocoa tasting and testing session *Cocoa research:... continue reading

Innovation – Don’t Overlook the Obvious

Innovation, Innovation, Innovation.. It seems like you can’t read a company prospectus, attend a product launch, or pick up an annual report without being hijacked by the word. And with good reason, a lack of innovation leads to a lack of rising star products, putting more reliance on the cash cows and the risk that you get left behind in an ever changing market. Innovation for a high tech software company should also be a no-brainer as the conception of new ideas and realisation in code is arguably the purest form of human invention. Our barriers to software innovation are super... continue reading

Innovation will help US companies win the Oil Price War

0 0 1 647 3694 Isherwood Production 30 8 4333 14.0 Normal 0 false false false EN-GB JA X-NONE London, 21 May 2015 Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. Read More... continue reading

ZE Celebrates 20 Years of Delivering Innovative Solutions

ZE PowerGroup Inc. (ZE), the pioneers of ZEMA, a suite of data management software tools that integrates seamlessly with other downstream systems, is celebrating 20 years of innovative products and superior service. Since its inception in 1995, ZE has worked tirelessly to build and refine world-class data management solutions for large and small companies in a wide range of markets and industries. Now, in its 20th year of operation, ZE celebrates all that it has to be proud of and grateful for. ZE saw its start on May 25, 1995. Founder and CEO Dr. Zak El-Ramly, whose initials comprise the... continue reading

New gas futures contracts launched in New Zealand, Australia

(Platts) – The Australian Securities Exchange and New Zealand national electricity grid operator Transpower have teamed up to launch monthly and quarterly gas futures contracts in New Zealand, the companies said Tuesday, April 7. Indices from Transpower’s emsTradepoint, which launched a physically settled natural gas spot contract in early 2014, will be used as the reference price for the ASX New Zealand gas futures, the partners said. In March 2015, 379,000 gigajoules of gas was traded on emsTradepoint’s spot market, bringing the total traded since the contract’s inception to more than 1 petajoule. “Our new futures products launched today will... continue reading

Grain trade risk in EU moves

Farmers’ ability to buy and sell on forward and futures markets could be severely limited by a proposed EU financial market regulation known as the Markets in Financial Instruments Directive (MiFID). This covers a vast range of financial products and services, but includes futures and options trading. See also: More market prices and trends If the rule tightening (MiFID II) goes ahead as proposed in 2017, any grain sale further forward than a couple of weeks would be caught by the need for farmers to register with the financial regulation authorities, warned the NFU’s chief arable adviser Guy Gagen. The... continue reading

ComTechAlert The CRTM Center – A web portal for everything CTRM

The CRTM Center – A web portal for everything CTRM Download: The CRTM Center – A web portal for everything CTRM Commodity Technology Advisory is the leading analyst organization covering the Energy and Commodity Trading and Risk Management (E/CTRM) technology markets. We provide invaluable insights, backed by primary research and years of experience, into the issues and trends affecting both the users and providers of the applications and services that are crucial for success in markets constantly roiled by globalization, regulation and innovation. The post ComTechAlert The CRTM Center – A web portal for everything CTRM appeared first on Commodity... continue reading