Trafigura Pte Ltd (“Trafigura”), one of the world’s largest physical commodity trading companies, and Palantir Technologies Inc. PLTR “Palantir”))), today announced the development of a technology services platform for carbon emissions calculation, reporting and collaboration across commodity supply chains.
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Image showing Palantir’s software as developed for the supply chain carbon emissions platform configured with Trafigura (Graphic: Business Wire)
A consortium approach enables participants across global energy and commodities supply chains to model lifecycle carbon intensities and allows industry participants to work together for enhanced visibility and reporting. The platform aims to increase transparency of emissions from the production, transformation and transportation of commodities across the supply chain. This will enable participants to better understand lifecycle emissions related to their indirect operations, to benchmark against other participants and identify opportunities for lower carbon pathways.
This project marks the first time Palantir will go to market with a partner on carbon emissions tracking. Leveraging Trafigura’s expertise in global commodity supply chains, Palantir’s Foundry operating system will be configured to provide consortium partners with an accurate calculation of carbon intensity across supply chains, beginning with crude oil and refined products, and concentrates and refined metals.
The announcement builds on the work already done over the past year by Palantir and Trafigura, with the initial pilot already having built scenarios across ten million carbon pathways using actualized commodity shipments by integrating Trafigura data and metrics supplemented by third-party data.
“Our customers are increasingly asking us for visibility into the lifecycle emissions of the commodities we move as they…