Physical commodities brokerage GZ Energy LLC plans to launch its groundbreaking digital trading platform, GZX, in October.

GZX will provide renewable fuel market participants with a means to discreetly trade separated (K2) renewable identification numbers (RINs), California Low Carbon Fuel Standard credits, and Oregon Clean Fuels Program credits without the participation of a broker.

“GZX will irrevocably alter the future of compliance credit trading, providing a secure, efficient, low-fee way to trade separated RINs and credits,” said Garret Zarembo, owner of GZ Energy and the platform’s creator.

Noting that the renewable fuels industry remains largely traditional despite the fact that most other industries are operating digitally, Zarembo was inspired to develop GZX’s innovative software in order to provide market participants with a modern way in which to transact compliance credits for physical settlement off platform.

“While the conventional voice-brokered market continues to be favored for the customization of physical renewable fuel transactions, I felt strongly that technology could be used to improve the compliance credit trading market,” Zarembo said.

While GZ Energy plans to go live with GZX next month, the company will also remain focused on facilitating voice-brokered transactions between buyers and sellers of physical renewable fuel sources, namely biodiesel.

Zarembo’s background as both a trader and a broker enabled him to start GZ Energy in early 2019. Relying on previously established relationships in the industry, he was able to immediately attract a wide array of clients to his new firm, including refiners and importers; fuel traders, marketers, distributors, and blenders; and renewable fuel producers.

“While GZ Energy remains firmly rooted in providing traditional brokerage services for physical biodiesel, my plan going forward is to look for opportunities to continue bringing technological innovations to the renewable fuels industry,” Zarembo said.

Since its launch in January, GZ Energy has continued to make significant inroads on the West Coast, representing California LCFS-registered market participants and Oregon CFP-registered market participants for voice-brokered transactions.

Click here to learn more about GZX.