VERIDAPT's industrial fuel tracking platform has reached a 40 billion litre annual reconciliation run rate across global mining, rail and industrial operations as companies seek to reduce losses from theft and operational inefficiencies.
The AdaptIQ platform monitors fuel consumption across more than 300 industrial sites, providing real-time visibility into one of mining's largest variable operating expenses amid rising input costs and stricter environmental reporting requirements.
Mining and rail operators face persistent discrepancies between delivered fuel volumes, stored inventory and actual consumption that erode margins through shrinkage, unauthorized usage and delayed reporting. The technology addresses these challenges by providing continuous reconciliation across the entire fuel lifecycle.
Real-time loss detection
The platform automatically reconciles delivered volumes against physical tank levels and aligns book stock with actual inventory. Operators receive immediate alerts when variances occur, enabling intervention before losses accumulate.
VERIDAPT's proprietary hardware integrates directly with tanks, pumps and dispensing infrastructure to capture data at source. The company engineers and manufactures devices in-house for extreme industrial environments, testing equipment beyond normal operating conditions including exposure to heat, cold, vibration and physical impact.
Data transmits securely via encrypted cellular or customer networks to the SOC 2 certified AdaptIQ cloud platform, which tracks hydrocarbon and energy supply chains while facilitating real-time emissions reporting.
Growing adoption amid cost pressures
"This year, AdaptIQ is reconciling fuel volumes at a run rate exceeding 40 billion litres globally, from procurement to consumption, down to the last drop," said Angela Wisdom, Chief Revenue Officer of VERIDAPT. "For operators managing geographically dispersed, high-consumption assets, real-time transparency over fuel and emissions enables critical decision-making that strengthens margin protection, operational continuity and sustainability performance."
The milestone reflects accelerating adoption as operators confront rising input costs, tightening ESG disclosure requirements and increasing scrutiny over operational risk and compliance.
Each transaction generates a digital audit trail supporting financial reporting, fuel tax rebate compliance and regulatory assurance. The system concurrently records asset-level emissions data, supporting carbon tracking across more than 80 million tonnes of monitored emissions annually.
Technology development
VERIDAPT founded the company in 2005 following conventional fuel system failures in remote Australian mining operations. The company owns its complete digital technology stack, from circuit boards and embedded systems to cloud applications.
The platform continues evolving through collaboration with customers as their operations scale, supported by what the company describes as one of the industry's largest dedicated development teams.
The technology now operates across global mining, rail and industrial companies where fuel represents a significant operational expense and environmental reporting requirement.
More information is posted at www.Veridapt.com
Comments