– Our credentials –
A tried and tested model
The origin of the globalBIOMASS model may surprise you...
it germinated in the thermal coal market.
In 2000, major consumers, suppliers and traders of thermal coal gathered to achieve an ambitious objective; bringing transparency to the opaque market for thermal coal, and expanding opportunities for trade.
This led to the creation of globalCOAL and its three-pronged approach to market development: create a standard product and an online platform on which it can trade, and use the reliable, transparent data it generates to calculate robust indices which enable trade to flourish.
A tried and tested model
The origin of the globalBIOMASS model may surprise you;
it germinated in the thermal coal market.
In 2000, major consumers, suppliers and traders of thermal coal gathered to achieve an ambitious objective; bringing transparency to the opaque market for thermal coal, and expanding opportunities for trade.
This led to the creation of globalCOAL and its three-pronged approach to market development: create a standard product, provide an online platform on which it can trade, and use the reliable, transparent data generated to calculate robust indices
which enable trade to flourish.
globalCOAL in numbers
170+
companies with access to globalCOAL's coal trading platform
600+
million tonnes of physical thermal and metallurgical coal transacted to date
2500+
companies licensed to use the standard contract and specifications traded on globalCOAL
The bigger picture
Although globalCOAL's founders set out to create a transparent venue for the sale and purchase of thermal coal cargoes, they soon realised that the model's transformative power rested in the data it generates.
Reliable pricing benchmarks, a visible forward curve, robust indices and, eventually,
access to liquid risk management products helped propel market development.
This is our ambition for globalBIOMASS.
To find out more about globalCOAL's story, visit us at www.globalcoal.com