Fendahl is pleased to announce that in January 2024 MIECO LLC successfully completed the deployment of the Fusion ETRM platform for Natural Gas and Refined Petroleum Products.

Phase 1 of the project – Fusion ETRM for Gas, was completed in early 2023. Fusion now supports MIECO’s end to end Natural Gas business, which includes both physical trading and derivative instruments (NYMEX plus Swing, Index, and Basis Swaps), as well as gas scheduling through Physical, Storage, PAL, Transport and Pool contracts.

The highlight of the gas implementation is the easy-to-use Gas Scheduling Workbench. The advanced workbench allows MIECO users to schedule multiple pipelines together and provides complete real-time visibility of location and pipeline balances, storage inventories, interconnect transactions, and fuel calculations.

Fendahl’s industry leading reporting solution delivers Regulatory Reports, Gas Recon, and Storage Inventory Balances; with their daily and WACOG prices.

Phase 2 of the project – Fusion ETRM for Petroleum Products successfully went live in January 2024. Fusion now manages MIECO’s complete refined product business including highly complex pricing models, such as the calculations of biofuel components, RVOs, RINS, triggers and EFPs. The solution allows users to perform the physical operations of refined products through several different MOTs such as barges, vessels, pipelines, and trucks. Fusion also provides complex tax calculation and reporting for refined petroleum products transactions.

The project has integrated Fusion ETRM with several third-party systems, examples include Toptech Systems for daily truck loads from terminals, Microsoft Navision for back-office accounting requirements, and several market data providers (Platts, OPIS, ICE, etc.).

During the project Fendahl’s experienced professional services team worked closely with MIECO staff to ensure that the project was delivered on time and on budget. The Fusion ETRM solution now delivers industry leading ETRM capabilities to 70+ MIECO end users in 6 different locations across the US and Canada.

“Fusion is a significant improvement over our previous legacy ETRM, and Fendahl has proven to be a reliable business partner. The Fusion project has automated and integrated many parts of our business and given MIECO users the tools and business information they need to make better decisions.” – Peter D’Anna, Vice President & Chief Financial Officer, MIECO LLC

After kicking off the project in June 2022, Rio Tinto have gone live on Fendahl’s Fusion CTRM software in just 12 months. Rio Tinto selected Fusion CTRM to manage their financial metals trading and risk requirements. This included the implementation of advanced futures and swaps trading functionality.

After undergoing an extensive selection process, Rio Tinto decided that Fusion CTRM was the best fit for the business. Some of the key factors learnt during the project ratified the original decision to choose Fendahl Fusion;

• Rio Tinto needed a reliable vendor with enhanced product coverage and satisfised references to minimise project risk which was proven throughout the project life-cycle.
• A flexible partner-based approach to development allowed Rio Tinto to work with the product to configure innovative financial instruments and transactions.
• A committed and stable project team that aligned closely with the internal Rio teams, ensured that the project was delivered on time and within budget.

Fendahl looks forward to a successful long-term relationship with Rio Tinto, in continuing to support them with future trading and risk management requirements.

Fendahl is pleased to announce that in January 2024 MIECO LLC successfully completed the deployment of the Fusion ETRM platform for Natural Gas and Refined Petroleum Products.

Phase 1 of the project – Fusion ETRM for Gas, was completed in early 2023. Fusion now supports MIECO’s end to end Natural Gas business, which includes both physical trading and derivative instruments (NYMEX plus Swing, Index, and Basis Swaps), as well as gas scheduling through Physical, Storage, PAL, Transport and Pool contracts.

The highlight of the gas implementation is the easy-to-use Gas Scheduling Workbench. The advanced workbench allows MIECO users to schedule multiple pipelines together and provides complete real-time visibility of location and pipeline balances, storage inventories, interconnect transactions, and fuel calculations.

Fendahl’s industry leading reporting solution delivers Regulatory Reports, Gas Recon, and Storage Inventory Balances; with their daily and WACOG prices.

Phase 2 of the project – Fusion ETRM for Petroleum Products successfully went live in January 2024. Fusion now manages MIECO’s complete refined product business including highly complex pricing models, such as the calculations of biofuel components, RVOs, RINS, triggers and EFPs. The solution allows users to perform the physical operations of refined products through several different MOTs such as barges, vessels, pipelines, and trucks. Fusion also provides complex tax calculation and reporting for refined petroleum products transactions.

The project has integrated Fusion ETRM with several third-party systems, examples include Toptech Systems for daily truck loads from terminals, Microsoft Navision for back-office accounting requirements, and several market data providers (Platts, OPIS, ICE, etc.).

During the project Fendahl’s experienced professional services team worked closely with MIECO staff to ensure that the project was delivered on time and on budget. The Fusion ETRM solution now delivers industry leading ETRM capabilities to 70+ MIECO end users in 6 different locations across the US and Canada.

“Fusion is a significant improvement over our previous legacy ETRM, and Fendahl has proven to be a reliable business partner. The Fusion project has automated and integrated many parts of our business and given MIECO users the tools and business information they need to make better decisions.” – Peter D’Anna, Vice President & Chief Financial Officer, MIECO LLC

Fendahl are proud to announce that Rio Energy International Inc. (Rio Energy) has selected Fusion CTRM to manage their natural gas trading activities.

Rio Energy to date has engaged in the in the domestic and international trade of crude oil, petrochemicals, refinery feed stocks, and refined petroleum products. In addition to this they recently decided to launch a natural gas trading division, and prudently decided to select a CTRM system to support this new venture.

After undergoing an extensive selection process, Rio Energy decided that Fusion CTRM was the best fit for the business. Some of the key decision factors that enabled this decision included;

• A highly satisfied existing Fendahl customer base providing confidence in Fendahl’s ability to deliver.
• A close fit to required functionality backed by extensive commodity trading and risk management expertise and a detailed knowledge of industry business best practices.
• Fusion’s ability to cover all of Rio Energy’s commodity classes from Refined Products through to Natural Gas in a single system, removing the need to purchase and integrate multiple solutions.
• Commercials closely aligned to a successful and rapid delivery.

Fendahl looks forward to a successful long-term relationship with Rio Energy, in continuing to support them with future trading and risk management requirements.

 Fendahl announces that Dairy Products, Inc. (DPI), an industry leader with a long history of supplying premium dairy ingredients, specialty services and risk management solutions, has selected the Fusion CTRM Solution program to manage its trading and risk requirements. 

Founded and headquartered in Minnesota, DPI has provided high quality service within the dairy industry for nearly 30 years on both a national and global scale. DPI specializes in trading dairy products such as butterfat, milkfat, milk and whey powders, and cheese, along with offering clients risk management solutions.

“Implementing Fendahl’s state-of-the-art Fusion technology program will assist us with streamlining our internal processes and managing our CTRM to efficiently serve our clients,” said Mark Welch, CEO of Dairy Products, Inc. “DPI is excited about the opportunity to work with Fendahl’s best in class experts and a company that shares our passion for providing exemplary service.”

Striving to enhance customer service and innovation, DPI embarked on a selective process with various CTRM vendors to replace its legacy system. Following a thorough evaluation, DPI chose Fendahl Fusion for several key reasons: