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APPEC 2023: Trafigura announces new supply chain carbon emissions platform

Agora for Energy has been created through a collaboration between Trafigura and Palantir Technologies; first users of the platform include bp, Ecopetrol and Trafigura.

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International commodity trading firm Trafigura Supply chain on Wednesday (6 September) said carbon emissions platform Agora for Energy was announced during Asia Pacific Petroleum Conference 2023 (APPEC) 2023 in Singapore. 

The platform has been created through a collaboration between Trafigura and Palantir Technologies Inc. (Palantir).

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 recognised 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.

 

Photo credit: Trafigura
Published: 7 September, 2023

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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