GHGSat Enters Data-Licensing Agreement With S&P Global Commodity Insights Aiming to Integrate High-Resolution Emissions Data for Oil & Gas Industry
MONTREAL, March 9, 2023 (Newswire.com) - GHGSat, the pioneer in high-resolution greenhouse gas emissions monitoring from space, announces its latest data-licensing agreement, to share its data with S&P Global Commodity Insights, which provides the world's leading organizations with the essential intelligence they need to unlock opportunities, solve challenges and accelerate progress.
GHGSat generates accurate, reliable and comprehensive facility-level emissions data that is essential for both ongoing operational performance management and emissions reporting for industries such as the oil & gas sector. With six satellites already in orbit, the company is growing its constellation to 12 sensors by the end of 2023, launching five more commercial high-resolution satellites dedicated to methane monitoring, and the first commercial spacecraft dedicated to measuring CO2 from industrial emitters worldwide.
Stephane Germain, CEO, GHGSat said: "GHGSat's unique facility-level methane emissions data will bring a fresh perspective to S&P Global Commodity Insights' industry-leading breadth of experience. This is a great opportunity for GHGSat and our oil & gas customers, and we're eager to see the insights and reporting that is generated as a result of this data collaboration."
The collaboration between GHGSat and S&P will allow commodity stakeholders and market players to make informed decisions and achieve their emission reduction goals. This is the first step of a larger partnership with a focus on deepening the understanding of methane emissions.
Over the years, GHGSat has shown there is demand from industry and the public sector for accurate, independent, high-resolution emissions data from space, changing the conversation around methane and putting greenhouse gas at the top of the climate agenda.