Monument Chemical Pioneers Scalable RED compliance with Hentrac’s Platform
Antwerp, BE – December 6, 2024
In a world where sustainability is no longer optional but essential, Monument Chemical stands at the forefront of creating a greener future. Their 10+ years of experience in SAF-production and compliance with the International Sustainability and Carbon Certification (ISCC) standards is a testament to their leadership in the biofuel industry. Since partnering with Hentrac in 2023, Monument Chemical has leveraged technology to streamline its mass balance accounting, scale production, and remain compliant with evolving regulations.
Christophe Vergote, Supply Chain and Procurement Manager, and Marijke De Keersmaeker, Customer Services Representative, share their insights on how Hentrac’s platform has transformed their ISCC-operations and transactions.
Keeping pace with market demands
With the biofuel market rapidly evolving, maintaining compliance and efficiency has become increasingly complex. The Union Database (UDB), designed and enforced by the EU, lies at the center of this marked and aims at an improved traceability of gaseous and liquid fuels in the transport sector. Christophe explained how Hentrac’s platform has been a game-changer:
“The Hentrac solution is fully end-to-end integrated, making it an efficient and secure tool to navigate recent developments in the biofuel market.”
This integration ensures that Monument Chemical can adapt quickly to market changes and customer requests without compromising on the accuracy or reliability of their sustainability data, all while cutting labor-intensive activities and significantly increasing efficiency.
Scaling with Precision and Reducing Errors
One of the key challenges in mass balance bookkeeping is managing the overwhelming volume of documents, data and calculations required to ensure compliance. Marijke shared how Hentrac’s structured approach has been pivotal:
“Before Hentrac, managing mass balance accounting was time-intensive and prone to human error. Now, with the platform’s efficient structure, we’ve significantly reduced the room for mistakes, all while scaling our operations.”
Since going live in June 2023, the platform has allowed Monument Chemical to focus on growth and innovation, knowing their compliance processes are secure and reliable.
Empowering a Sustainable Future
This partnership is more than just a technological collaboration; it’s a step towards a more sustainable future.
"By automating the complex aspects of mass balance accounting, Hentrac enables Monument Chemical to dedicate more time to expanding their portfolio, meeting global sustainability goals and create value for our customers.", Christophe adds.
Monument Chemical’s story exemplifies how cutting-edge technology like the Hentrac platform can drive impactful change. If you’re seeking to enhance mass balance compliance, scale operations, and minimize operational risks, don’t hesitate to reach out.
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Our Services
Hentrac excels in simplifying data integration for businesses, effortlessly incorporating information from diverse sources. Our platform ensures compliance with the latest legal principles and standards, offering an intelligent interface for real-time insights and streamlined audits. We automate reporting, reduce administrative burdens, and guide companies in transparent traceability for regulatory compliance. With expertise in industry-specific regulations, Hentrac not only provides an easy-to-use solution but also offers consulting services for effective implementation.