Supply chain carbon emissions platform Agora for Energy was announced today during APPEC 2023 in Singapore. The platform has been created through a collaboration between Trafigura and Palantir Technologies . Built on top of Foundry, Palantir’s operating system for the modern enterprise, Agora for Energy enables collaboration on carbon emissions information and carbon intensity benchmarking and analysis. 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.
First users include bp, Ecopetrol and Trafigura who share the goal of continual improvement in transparency of energy supply chain emissions. Drawing on S&P Global Commodity Insights’ carbon intensity measures of oil and gas, refined products and biofuels, combined with functionality supporting the option for users to input primary data, Agora for Energy will help users understand the variations in carbon intensity of existing supply chains from the point of production and enable a common approach to assets owned and operated by different companies.
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. The advisory committee’s initial focus will be on exploring avenues for industry standardization of carbon intensity reporting and developing recognized methodologies of reporting that Agora could deploy as a means for enhanced transparency and comparisons.
“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. We believe 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,” said Ben Luckock, Co-Head of Oil Trading for Trafigura.
“Ecopetrol is pleased to embark on this transformative journey within the oil industry. As first users of Agora, we are pioneering innovative solutions to collaboratively decarbonize energy operations and fostering unprecedented transparency. We believe that by openly sharing carbon intensity of our upstream activities and empowering consumers along the value chain to make informed choices, it will drive a more sustainable energy future,” said Juan Carlos Fonnegra, Global Head of Crude & Carbon Trading for Ecopetrol.
“We are pleased Palantir and first customers of Agora for Energy see the value of S&P Global Commodity Insights’ independent carbon intensity measures and the insights they advance in energy transition, and we are delighted they have selected us to be the exclusive energy data provider to their platform,” said Philippe Frangules, Head of Gas, Power & Climate Solutions, S&P Global Commodity Insights.
The Agora platform for the metal concentrates and refined metals sector precedes Agora for Energy and debuted last year. During the initial pilot Palantir and Trafigura configured scenarios across ten million carbon pathways using actualized commodity shipments by integrating Trafigura data and metrics supplemented by third-party data.
The Agora platform enables users to integrate primary data and industry emissions data to understand end-to-end commodity supply chain carbon emissions, leveraging the strengths of Palantir’s Foundry platform in flexible data integration and secure data sharing. It 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.
