Tachyus Partners with INEOS USA to Advance Carbon Management with Aurion Platform

Tachyus and INEOS USA Collaboration on Emisssions Management

Tachyus, a Houston-based technology firm specializing in advanced modeling for the oil and gas sector, has recently announced a significant agreement with INEOS USA Oil & Gas LLC. This collaboration focuses on deploying Aurion, an innovative, cloud-scalable platform designed for comprehensive carbon accounting and emissions management.

As the pressure for robust greenhouse gas (GHG) management intensifies due to regulatory demands and stakeholder expectations, companies in the oil and gas sector are increasingly turning to advanced technologies. The Aurion platform addresses these needs by providing a unified solution for monitoring, forecasting, and reporting emissions at various organizational levels—from individual facilities to the corporate scale.

Tachyus’s Aurion platform stands out in its ability to consolidate data from multiple sources, utilizing transparent and auditable calculations to ensure precise GHG emissions tracking. It offers companies like INEOS the necessary tools to proactively manage their carbon emissions, thereby aligning operational strategies with environmental objectives aimed at achieving net-zero emissions by 2050.

In a statement reflecting the excitement of this partnership, Matt Elbert, the CFO and CRO at Tachyus, emphasized the proactive nature of the collaboration. "We're very excited to partner with INEOS and work together to manage their carbon emissions proactively; Aurion will allow them to estimate the impact on emissions of future operational decisions, supporting their objective to achieve Net Zero by 2050," he noted.

From INEOS’s perspective, COO Marty Memory echoed similar sentiments regarding the benefits of Aurion. He stated, "We are excited to announce that INEOS Energy has chosen Tachyus' Aurion platform to manage, monitor, forecast, and report GHG emissions. With Aurion, INEOS Energy will benefit from streamlined data integration from multiple sources, as well as transparent auditable calculations. Aurion allows us to archive scenarios and forecasts as our plan and budgets change. The Tachyus team made implementation quick and easy, allowing us to hit reporting deadlines."

Tachyus, founded in Houston, has been at the forefront of providing modeling and optimization solutions for the oil and gas industry. Their products are known for integrating reservoir physics with machine learning to enhance Enhanced Oil Recovery (EOR) methods such as waterfloods, steam flooding, and CO₂ injection. The Aurion platform, launched in 2022, represents a major advancement in emissions management. It combines comprehensive emissions estimation, reliable reporting, and effective forecasting, ensuring that operational decisions are closely tied to sustainability commitments.

On the INEOS side, the company's onshore operations focus on the exploration and development of oil, gas, and natural gas liquids primarily in South Texas. As part of INEOS Energy, the company's vision entails a commitment to a lower-carbon future, emphasizing investments in hydrogen and other innovative clean technologies with aims to reach net-zero emissions by 2050.

This agreement represents a pivotal moment for both companies, illustrating a shared vision that places environmental stewardship and transparency at the core of operational frameworks in the oil and gas industry. As Tachyus and INEOS move forward in their partnership, the oil and gas sector can look forward to innovative solutions that not only focus on enhancing operational efficiency but also prioritize the health of the planet.

Conclusion

In light of increasing regulatory scrutiny and stakeholder expectations, partnerships like the one between Tachyus and INEOS USA demonstrate the vital transformation occurring within the oil and gas industry. The deployment of the Aurion emissions management platform is a testament to the industry's commitment to sustainability and its readiness to embrace technology in addressing climate change's pressing challenges.