PACE, Fexco’s sustainability data and analytics division and Trovio Operating Pty Ltd (Trovio) have announced they have entered into a strategic partnership to develop a new platform, ‘SAF Connect’.
The partnership will explore opportunities for an inventory management system with Scope 1 & Scope 3 SAF certificate issuance where counterparties can transact, settle, and digitally execute offtake agreements.
The platform will leverage Fexco’s heritage in sustainability, treasury management, FX and payments, and incorporate Trovio’s leading energy transition technology, CorTenX.
SAF Connect will offer complete transparency, and auditable transaction history, ensuring a scalable solution for all market participants handling SAF and related assets.
“This is a further milestone for us as we continue to build on our market growth. Trovio brings exceptional energy transition technology to this partnership,” said Cathal Foley, CEO of PACE. “Together, we will deliver a unique platform that enhances the efficiency and transparency of the SAF market, driving the aviation industry towards a more sustainable future.”
“Trovio is delighted to partner with Fexco,” said Jon Deane, CEO of Trovio. “Fexco’s PACE is a company that aligns with our vision and values. We believe SAF Connect will provide an innovative solution to support the rapid growth and development of sustainable aviation fuel. By leveraging both Fexco’s and Trovio’s collective expertise, we are building a platform designed specifically for the complexity of this market.”
To find out more, visit the PACE website.