Inatech grew at around 25% in 2021 yet its CEO, Jean Hervé Jenn, described the year as ‘disappointing” by comparison to 2020 when I spoke with him recently. “We are though having a very good start to 2022 and it seems like there was quite a lot of system selections postponed last year that are now active again,” he told me. He told me that with what is going on in the shipping sector and with the price of containers, its bunker fuels procurement system – Shiptech – was doing well. Meanwhile, its ETRM – Techoil – is also getting good traction in the US where Inatech is focusing. “It’s a very physical product and seems a good fit for US C-Stores and wholesalers,” he said pointing to the fact that Europe is slower in terms of ETRM opportunities in oil and gas. Currently, Inatech is investing on the renewables side. “We started with some clients in California,” he said. “The rest of the world is headed in the same direction, so we have a good start already,” pointing out that it was focusing in on the biofuels area. “It’s similar to dealing with regular fuels but the big change… continue reading
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