Palantir and Trafigura announce collaboration to ship provide chain carbon emissions platform to market
Denver and Singapore, 24 Might 2022 – Trafigura Pte Ltd (“Trafigura”), one of many world’s largest bodily commodity buying and selling firms, and Palantir Applied sciences Inc. (NYSE: PLTR, “Palantir”), right now introduced the event of a know-how providers platform for carbon emissions calculation, reporting and collaboration throughout commodity provide chains.
A consortium strategy allows contributors throughout international power and commodities provide chains to mannequin lifecycle carbon intensities and permits business contributors to work collectively for enhanced visibility and reporting. The platform goals to extend transparency of emissions from the manufacturing, transformation and transportation of commodities throughout the availability chain. This may allow contributors to higher perceive lifecycle emissions associated to their oblique operations, to benchmark towards different contributors and establish alternatives for decrease carbon pathways.
This mission marks the primary time Palantir will go to market with a companion on carbon emissions monitoring. Leveraging Trafigura’s experience in international commodity provide chains, Palantir’s Foundry working system might be configured to offer consortium companions with an correct calculation of carbon depth throughout provide chains, starting with crude oil and refined merchandise, and concentrates and refined metals.
The announcement builds on the work already completed over the previous 12 months by Palantir and Trafigura, with the preliminary pilot already having constructed eventualities throughout ten million carbon pathways utilizing actualized commodity shipments by integrating Trafigura information and metrics supplemented by third-party information.
“Our clients are more and more asking us for visibility into the lifecycle emissions of the commodities we transfer as they put together for regulated Scope 3 emissions reporting and extra usually for Web Zero,” mentioned Jeremy Weir, Trafigura’s Government Chairman and CEO. “The complexity concerned in commodity provide chains requires sturdy cooperation throughout the business and a technological answer that may allow significant selections and alter. We’re delighted to collectively ship an answer to market with Palantir, whose know-how can handle the complexity and information safety required to offer extra providers to our clients and the market.”
“The collective motion required to handle lots of our most urgent international challenges requires greater than resolve or a shift in political priorities,” mentioned Alexander C. Karp, co-founder and chief government officer of Palantir Applied sciences Inc. “It requires a shared understanding of the details based mostly on information. We’ve constructed software program platforms that ship that shared understanding by enabling establishments throughout whole industries and sectors to collaborate and mannequin the world during which they function.”
ENDS
For additional data please contact:
Palantir Media: Lisa Gordon, media@palantir.com
Trafigura Press Workplace: Tel +41 (0) 22 592 4528 or media@trafigura.com
About Palantir Applied sciences
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About Trafigura
Based in 1993, Trafigura is likely one of the largest bodily commodities buying and selling teams on this planet. On the coronary heart of world provide, Trafigura connects the world with the important assets it wants. By means of our Oil & Petroleum Merchandise, Metals & Minerals, and Energy & Renewables divisions, we deploy infrastructure, expertise and a worldwide community to maneuver commodities from the place they’re plentiful to the place they’re wanted most, forming sturdy relationships that make provide chains extra environment friendly, safe and sustainable.
Trafigura additionally owns and operates plenty of industrial belongings together with a majority share of world multi-metals producer Nyrstar and gas storage and distribution firm Puma Vitality; and joint ventures Impala Terminals, a port and logistics supplier, and Nala Renewables, an influence and renewable power funding and improvement platform. With over 1,000 shareholders, Trafigura is owned by its staff and employs over 13,000 individuals working in 48 international locations.
Go to: www.trafigura.com
Ahead-Trying Statements
This press launch incorporates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These statements might relate to, however should not restricted to, our expectations relating to the anticipated advantages of our software program platforms. Ahead-looking statements are inherently topic to dangers and uncertainties, a few of which can’t be predicted or quantified. Ahead-looking statements are based mostly on data obtainable on the time these statements are made and have been based mostly on present expectations in addition to the beliefs and assumptions of administration as of that point with respect to future occasions. These statements are topic to dangers and uncertainties, lots of which contain components or circumstances which are past our management. These dangers and uncertainties embody our potential to satisfy the distinctive wants of our buyer; the failure of our platforms to fulfill our buyer or carry out as desired; the frequency or severity of any software program and implementation errors; our platforms’ reliability; and our buyer’s potential to switch or terminate the contract. Extra data relating to these and different dangers and uncertainties is included within the filings we make with the Securities and Change Fee every now and then. Besides as required by legislation, we don’t undertake any obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new data, future developments, or in any other case.
