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.”
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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
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