Throughout 2021, Mieco carried out an extensive and highly competitive CTRM evaluation process which resulted in the selection of Fendahl’s Fusion CTRM solution to meet Mieco’s commodity risk management needs.

Some of the key decision factors that resulted in the decision to select Fendahl included: –

• Fendahl Fusion provided a close fit to Miecos required functionality. This good functional fit was further reinforced with Fendahls extensive commodity trading and risk management expertise and a detailed knowledge of industry business best practices.
• Fendahl was able to reference a highly satisfied customer base, providing confidence in Fendahls’ ability to deliver and meet customers’ expectations.
• An ability to integrate with legacy systems.
• A highly adaptable, modern, cloud-based solution enabled by the use of a modern micro-services based architecture.
• Fendahl offered a commercial structure that was closely aligned to a successful delivery.

Having concluded contractual negotiations in December 2021, Mieco and Fendahl commenced implementation of refined petroleum products in January 2022 with natural gas expected to follow later this year.