The leading commodities group Trafigura is setting up a new carbon emissions platform.
The service, called Agora for Energy, has been created through a collaboration between Trafigura and Palantir Technologies based on its Foundry operating system.
The new Agora for Energy platform aims to promote collaboration on carbon emissions information and carbon intensity benchmarking and analysis.
First users include bp, energy company Ecopetrol and Trafigura.
“This supports the industry’s need to better understand the carbon emissions of existing supply chains and should enable Agora users to make more informed decisions,” says Trafigura.
In accordance with Trafigura, the Agora platform offers the ability to actively share and receive carbon emissions data from supply chain participants and reduce the administrative burden, whilst improving transparency of overall carbon intensity of supply chains.
It also enables the evaluation of alternative supply chain pathways by modelling the commercial impacts of carbon pricing mechanisms on supply chain choices.
Involved parties are in the process of forming an advisory committee for the Agora for Energy platform with the initial meeting being held in person during APPEC 2023.
S&P Global Commodity Insights has been selected as data provider for Agora for Energy which is powered by Palantir’s Foundry platform.
Ben Luckock, co-head of oil trading for Trafigura said: “Agora is already enabling Trafigura to quickly respond to our metals customers requesting carbon intensity of deliveries using third party data, and we are delighted to now extend this initiative with our supply chain partners in the energy markets.”
Trafigura´s oil trading co-head Luckock believes that carbon intensity, as a commodity specification, can enable greater visibility of low carbon alternatives, with the power of Palantir’s Foundry enabling the broad industry collaboration, and analytics engine that this challenge requires.
