Global commodities trader Trafigura and U.S. data analytics company Palantir Technologies have teamed up to introduce the Agora for Energy platform. The launch took place at the annual Asia Pacific Petroleum Conference in Singapore.
Understanding Supply-Chain Emissions
The Agora for Energy platform offers users the capability to calculate supply-chain emissions within the energy sector. By integrating primary data and industry emissions data, users can gain insights into end-to-end commodity supply chain carbon emissions.
Additionally, the platform aids in evaluating alternative supply chain pathways by simulating the commercial impacts of carbon pricing mechanisms on supply chain choices.
Leading Companies Adopt the Platform
Some of the first users of the Agora for Energy platform include supermajor BP plc and Colombian oil giant Ecopetrol. These companies are taking advantage of the platform to better understand the carbon intensity of their commodities and explore low carbon alternatives.
“We believe that carbon intensity as a commodity specification can enable greater visibility of low carbon alternatives,” said Ben Luckock, co-head of oil trading at Trafigura.
Expanding Beyond the Metals Industry
Originally developed for the metals industry, Trafigura and Palantir are now working towards standardizing carbon intensity reporting and developing new methodologies. The aim is to apply their expertise beyond metals and enhance sustainability across various sectors.
