Minerva Bunkering Partners with rise-x.io adding end to end workflow to the Advanced Delivery Platform (ADP)

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Jul 29, 2021, 03:00 ET

SINGAPORE, July 29, 2021 /PRNewswire/ -- Minerva Bunkering today announced a new partnership with rise-x.io to establish ADP Clear Pte. Ltd. in Singapore. The spin off digital business will combine Minerva's Advanced Delivery Platform and rise-x.io's proprietary DIANA Ecosystem Operating Platform (EOP) to enable end to end bunkering solutions in a digital ecosystem.

The ADP is an innovative solution comprised of integrated hardware and software designed and developed by Minerva and its technology partner Curl Tech.

Customers using the ADP benefit from visibility into all details of their bunkering operations including quality of fuel delivered, operational timelines, and quantity received as per mass flow meter profiles – all in real-time and viewed from anywhere via the customer portal.

"Our partnership with rise-x.io allows us to extend the capabilities of ADP driving end to end digitalization and the resulting visibility and cost savings that reach from the front office to the back office and beyond," said Minerva CEO Tyler Baron.

rise-x.io is the company behind QuayChain Pte. Ltd., an open access market facing platform designed to facilitate the online sale, purchase, delivery and settlement of marine fuel. Established in 2018, QuayChain's mission is to knit the industry together in a digital ecosystem for added transparency and efficiency across vessel owners and operators, fuel suppliers, terminal operators, regulators, port authorities, trade finance providers, insurance companies and other 3^rd party service providers involved in the marine fuel industry.

"With QuayChain Pte. Ltd., we tested early-stage concepts using our blockchain enabled DIANA platform to build out multi-party workflows for autonomous operations," Explains Rowan Fenn, Co-founder and CEO rise-x.io.

"We were looking for a forward-thinking partner, committed to bringing efficiency, trust and transparency to the global marine fuel market, and one who could bring scope and scale to the QuayChain concepts. In Tyler Baron and Minerva, we found that partner," said Fenn.

QuayChain and the ADP are directly complimentary and through ADP Clear Pte. Ltd. the two companies will integrate both solutions to create one seamless customer experience. The benefits of this new partnership include:

Streamlined workflow from fuel purchasing, delivery, and settlement with end-to-end transparency from nomination through settlement;
Simplified 1 click purchasing and contract nominations;
Real time data analysis, compliance management and reporting to reduce regulatory risk and cost.

For more information, visit http://www.minervabunkering.com/advanced-delivery-platform/

About Minerva: Minerva Bunkering is a leading international provider of marine fuel supply and related service solutions to ships in port and at sea. The company procures product in bulk from diverse sources and delivers to over 600 customers across all major commercial shipping sectors including container ships, dry bulk carriers, cruise ships, tankers, and ferries.

Minerva Bunkering is a 100-percent-owned subsidiary of Mercuria Energy Group, one of the largest privately-held energy and commodities companies in the world.

For additional information, please visit www.minervabunkering.com.

About rise-x.io: rise-x.io is an intelligent technology company specializing in Ecosystem Operating Platforms (EOP) for the management of digital ecosystems to drive industry productivity and growth. DIANA, its core technology, is a cloud native, blockchain-based EOP that simplifies and automates multi-party workflows, aligning legal entities, physical assets, users, events and data across internal value chains and external supply chains to eliminate redundancy, waste and costs, reduce misalignment and risk, and to support new innovative business models. DIANA technology is legacy friendly connecting companies of all sizes to drive network resilience, flexibility and trust. For more on rise-x.io visit www.rise-x.io.

SOURCE Minerva Bunkering