Unlocking Trust and Transparency for Green Fuel using Carbon Central
In the dynamic landscape of green fuels, Carbon Central by TYMLEZ enables groundbreaking transformation to the landscape of green fuels including hydrogen, ammonia, sustainable aviation fuel, and e-methanol. This cutting-edge Software as a Service (SaaS) solution paves the way for a sustainable future, ensuring transparency and accountability at every stage of production, offering an unparalleled approach to addressing the challenges faced by the green fuel industry.
Driven by carbon reduction targets, the need to meet regulatory standards, and the financial incentives, companies across the globe are swiftly transitioning to green fuels to power their operations.
Challenges faced by Green Fuel Production
Achieving a future driven by sustainable energy relies on trust and transparency in green fuel production, despite the many challenges faced by this sector.
- Green fuels are often marketed as environmentally friendly alternatives to fossil fuels. However, verifying the sustainability claims, such as reduced carbon emissions, requires comprehensive and reliable data, which can be difficult to obtain and authenticate.
- Ensuring the security and privacy of sensitive data, such as production processes and supplier information, is paramount. Implementing a transparent tracking system while safeguarding proprietary information presents a delicate balance that must be maintained.
- The green fuel industry is subject to various evolving regulations and standards, varying across regions. Meeting these compliance requirements while improving trust and transparency adds another layer of complexity.
- The production of green fuels often involves complex supply chains that span multiple stages, from a variety of feedstocks to processing and distribution. Ensuring transparency and traceability across these diverse stages can be challenging.
From intricate supply chains to diverse feedstock sources, the industry is navigating trust demanding innovative solutions. This is where Carbon Central steps in, a groundbreaking product set to transform how we create and monitor green fuels.
The Carbon Central solution
Carbon Central presents an innovative solution to offer a comprehensive solution to the industry’s most pressing issues.
- Carbon Central’s intuitive interface simplifies regulatory compliance. We provide a growing suite of existing global standards which help customers to automate their compliance. Our industry experts can expand our library for use cases without existing standards.
- Carbon Central offers scalable solutions suitable for businesses of all sizes. By eliminating the need for extensive infrastructure investment, it levels the playing field to a small monthly subscription fee, allowing smaller producers to embrace cutting-edge technology without breaking the bank.
- Carbon Central leverages the power of Hedera Hashgraph technology, ensuring the immutability and security of data. Every transaction and process step are recorded which enhances traceability, mitigates fraud, and authenticates sustainability claims.
- Carbon Central provides a unified data platform that standardises information across the supply chain. This common language facilitates simplifies the integration process to a self-service portal, enabling transparency and trust to be achieved without a complicated custom development process.
Carbon Central in Action
The onboarding process into Carbon Central is smooth and efficient, regardless of the green fuel project’s current stage. Whether the project is still undergoing opportunity analysis, in the design phase, or already operational, producers can initiate the tokenisation journey by registering for an account.
Through the utilisation of a tailor-made digital twin, producers have the capability to generate a digital replica of their production process. This digital representation serves as the foundation for integration with our unified data platform. Importantly, this replication process doesn’t necessitate physical data sources, allowing producers to validate their claims before actual production or present these verifications to potential investors for project funding.
Furthermore, the digital twin seamlessly transitions from using simulated data to real meter data sources once the facility is online to create high quality dMRV data (digital measurement, reporting and verification). This switch occurs effortlessly, requiring no alterations to the created digital process. With a simple adjustment made through our intuitive user interface, producers are prepared to authenticate the provenance of their green fuel. Carbon Central supports real time monitoring of production facilities, enabling flexibility to adapt to the selected standard’s requirements, whether it involves mass balancing on a batch basis or real time production tracking.
Following these configuration steps, producers are well equipped to generate reliable and transparent Guarantee of Origin tokens for any green fuel, thereby ensuring trust and authenticity in the industry.
Utilising the Carbon Central empowers producers to showcase their origin by accessing Guarantee of Origin tokens through our user friendly interface. With Carbon Central TrustChain, anyone can examine tokens generated on the platform. To safeguard industry secrets, data can be encrypted, ensuring that only essential information is accessible to the public.
Get started with your Carbon Central journey
Built with the industry experience gained while working with AMIC and the Safetytech Accelerator, Lloyd’s Register Maritime Decarbonisation Hub. TYMLEZ leveraged the technology behind Carbon Central to help Magnum Mining verify their calculations for the Buena Vista green pig iron production project.
Carbon Central is ready for industry. Contact us today for more information.
About TYMLEZ
TYMLEZ, a NoviqTech (ASX:NVQ) brand, is a pioneer in the development and delivery of carbon reporting, guarantee of origin for green gasses, and smart energy solutions built using blockchain technology. The Company is focused on supporting clean energy and sustainability initiatives, along with other opportunities to develop products that rely on secure, trackable and traceable data transfer.
Visit tymlez.com for more information.
