Digital traceability solution developed for biofuel supply chains
Circularise and GoodFuels, FincoEnergies’ sustainable fuels brand, have extended the scope of a traceability software tool to digitise the biofuels record management process required for RED II compliance.
FincoEnergies shared its knowledge of bookkeeping processes with Circularise to expand its MassBalancer traceability software suite to include the biofuels supply chain, adding ISCC EU certification as an additional supported framework.
FincoEnergies plans to test this software with their GoodFuels customers to ensure a robust information transfer process. By shifting from manual methods to software grounded in RED II principles, FincoEnergies hopes to prevent inadvertent double counting of biofuel credits, further enhancing trust and transparency throughout the value chain.
The project was initiated in response to European Union Red II regulatory requirements, which stipulate that records must be maintained for the sourcing, chain of custody, and GHG emissions of the biofuel product process and then verified by a third-party certification scheme such as ISCC EU.