APPEC 2023: Trafigura, Palantir Unveil Emissions Platform for Energy Sector -- OPIS
September 06 2023 - 11:49AM
Dow Jones News
Global commodities trader Trafigura and U.S. data analytics
company Palantir Technologies have unveiled a platform to calculate
supply-chain emissions of the energy sector.
The Agora for Energy platform was launched Wednesday at the
annual Asia Pacific Petroleum Conference in Singapore.
The companies said in a news release that the platform will
enable users to integrate primary data and industry emissions data
to understand end-to-end commodity supply chain carbon
emissions.
It will also help the evaluation of alternative supply chain
pathways by modeling the commercial impacts of carbon pricing
mechanisms on supply chain choices, they added.
First users include supermajor BP plc and Colombian oil giant
Ecopetrol.
"We believe that carbon intensity as a commodity specification
can enable greater visibility of low carbon alternatives," Ben
Luckock, co-head of oil trading at Trafigura, said in the
release.
The platform was first created for the metals industry.
Trafigura and Palantir are now exploring ways of standardizing
carbon intensity reporting and developing new methodologies, they
said.
This content was created by Oil Price Information Service, which
is operated by Dow Jones & Co. OPIS is run independently from
Dow Jones Newswires and The Wall Street Journal.
--Reporting by Abdul Latheef, alatheef@opisnet.com; Editing by
Michael Kelly, mkelly@opisnet.com
(END) Dow Jones Newswires
September 06, 2023 12:34 ET (16:34 GMT)
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