Tachyus Partners with INEOS USA for Carbon Management
Tachyus has embarked on a significant collaboration with INEOS USA Oil & Gas LLC to implement its innovative Aurion emissions management platform. This cloud-scalable platform is designed for carbon accounting and is pivotal for calculating, analyzing, and reporting greenhouse gas (GHG) emissions. This partnership will enhance GHG management, allowing INEOS to oversee emissions efficiently across all its facilities.
Enhancing Emissions Transparency in Oil and Gas
As the oil and gas sector faces increasing pressure from regulators and stakeholders to improve emissions reporting and transparency, technologies like Aurion become crucial. Aurion unifies data from diverse sources and performs meticulous calculations to assure accurate GHG emissions monitoring and forecasting.
Leadership Vision at Tachyus
Matt Elbert, the CFO and CRO of Tachyus, expressed enthusiasm about the partnership, stating, "We’re very excited to partner with INEOS. Aurion will empower them to proactively manage their carbon emissions and assess how future operational choices impact those emissions, supporting their commitment to achieve Net Zero by 2050." This technology not only enhances operational efficiency but also aligns energy producers with sustainability objectives.
INEOS’s Commitment to Sustainability
Marty Memory, COO at INEOS Energy USA, commented on the integration of Aurion, saying, "INEOS Energy has chosen Tachyus' Aurion platform to handle GHG emissions monitoring and reporting. The platform enables effortless data integration from various sources and guarantees transparent, auditable calculations. It helps us organize scenarios and forecasts in line with our evolving strategies and budgets. The Tachyus team made our implementation process smooth and achieved our reporting deadlines easily."
About Tachyus
Tachyus, based in Houston, specializes in advanced modeling and optimization software tailored for the oil and gas industry. Their innovative products fuse reservoir physics with machine learning, thereby enhancing methods such as waterfloods, steam floods, and CO? injections for enhanced oil recovery (EOR). Launched in 2022, Aurion stands out as a complete solution for emissions estimation, aligned with operational decisions and sustainability targets.
INEOS USA’s Mission
INEOS USA focuses on the acquisition, exploration, and development of oil, gas, and NGL resources, predominantly in South Texas. As a segment of INEOS Energy, their mission is intertwined with a commitment to transitioning towards a lower-carbon future. INEOS is also investing in hydrogen and other clean technologies to achieve net-zero emissions by 2050.
Frequently Asked Questions
What is the primary purpose of Tachyus' Aurion platform?
The Aurion platform is designed for carbon accounting, monitoring, forecasting, and reporting of greenhouse gas emissions.
How does Aurion enhance emissions management for companies?
Aurion integrates data from multiple sources, applying clear and audit-friendly calculations for accurate emissions tracking.
What are the long-term sustainability goals of INEOS?
INEOS aims to achieve net-zero emissions by 2050, investing in clean technologies and practices.
Who is the COO of INEOS Energy?
Marty Memory serves as the COO at INEOS Energy USA, overseeing operational strategies and the implementation of tools like Aurion.
What additional areas does Tachyus focus on beyond emissions management?
Tachyus develops modeling and optimization software that supports various enhanced oil recovery methods in the oil and gas sector.
