Origin Materials & Palantir Technologies team up to speed up world's net-zero carbon transition

YarnsandFibers News Bureau 2021-06-22 12:49:53 – USA

Origin Materials, the world's leading carbon negative materials company, and Palantir Technologies Inc. announced today the establishment of a strategic collaboration to accelerate the world's transition to net zero carbon. The strategic alliance's primary goal will be to decarbonize the global materials supply chain. 

Palantir is a software business that develops solutions that help companies improve complicated and sensitive data environments. Origin Materials intends to use Palantir's Foundry technology to help firms decarbonize their supply chains and enable the acceleration of their internal processes.

Co-Founder and Co-CEO of Origin Materials, John Bissell, said existing physical products supply chains are complicated, opaque, and carbon-intensive. The raw ingredients that make up tangible, end-market goods dominate the carbon intensity of those supply chains. Palantir's data integration and modelling capabilities, along with Origin's knowledge and technology for the decarbonization of physical raw materials, are intended to aid in the management, transparency, and decarbonization of those complex, opaque, and carbon-intensive supply chains.

Chief Operating Officer of Palantir Technologies, Shyam Sankar, they’re tremendously enthused by Origin's substantial progress toward the world's net zero objective. Their technology is ideal for assisting in the decarbonization of complicated global supply chains. Customers from a wide range of sectors are utilising Foundry to create a carbon-focused shared operational picture that allows them to measure real-time emissions, model scenarios based on new technologies and laws, and make real-time business changes.

Origin Materials and Palantir are also looking at commercial potential to provide value to their clients across a range of sectors by applying data-driven methods to analyse, measure, and decrease environmental impact while establishing a resilient and successful company. Carbon plans that can be applied to financial and regulatory reporting, everyday operations, and multi-year business planning are projected to be possible as a result of this supply chain insight. Origin Materials will become a new Palantir customer as part of this new strategic collaboration to decarbonize the global supply chain.

Co-CEO of Origin Materials, Rich Riley, said this strategic relationship with Palantir is expected to offer substantial value to their clients as they include emissions from materials into their carbon accounting, disclosure, and reduction processes. They can assist their customers improve their decarbonization plans across their supply chains and at the business level by integrating Palantir's enterprise operating system with Origin's carbon negative technology platform.

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