Palantir and Trafigura Announce Collaboration to Deliver Supply Chain Carbon Emissions Platform to Market
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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
The announcement builds on the work already done over the past year by
“Our customers are increasingly asking us for visibility into the lifecycle emissions of the commodities we move as they prepare for regulated Scope 3 emissions reporting and more generally for Net Zero,” said
“The collective action required to address many of our most pressing global challenges requires more than resolve or a shift in political priorities,” said
Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Visit: www.trafigura.com
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, our expectations regarding the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the
Trafigura Press Office: Tel +41 (0) 22 592 4528 - [email protected]