Houston, Texas Nov 15, 2023 (Issuewire.com) - Emission Critical Technologies Inc., a SaaS platform to simplify and automate product-lifecycle carbon intensity for heavy industrial organizations, has been selected by Chevron Technology Ventures, LLC (CTV) as part of its Catalyst Program. The Emission Critical platform streamlines the generation of product-level carbon statements for each transaction by integrating emissions, production, and route data in a single system of record. B2B purchasers and regulators are increasingly requesting the latest product-level carbon information that is defensible. Existing lifecycle analysis assessments are performed infrequently because they are time-consuming and require a high-level of expertise.
The Catalyst Program was launched by Chevron in 2017 to promote and accelerate innovation from early-stage companies that may benefit the energy sector. The selection of Emission Critical Technologies marks a substantial milestone for the company.
"Emission Critical is excited to be selected by Chevron as part of the Catalyst Program," said Schaum Sethuram, CEO and Co-Founder of Emission Critical Technologies. "Chevron's interest in Emission Critical demonstrates the energy industry's commitment to bringing carbon transparency into the value chain. Reliable data can enable customers to develop robust carbon reduction strategies."
Emission Critical's self-serve platform dramatically reduces the time to value by providing continuous attribution and reporting of product-level emissions. Their proprietary enterprise software provides traceable transaction-level data, which users can easily analyze and report. Benefits include qualifying for tax incentives (e.g., LCFS), minimizing carbon tariffs from regulators (e.g., EU CBAM) and capturing price premiums from end customers.
About Emission Critical Technologies, Inc.
Emission Critical offers a software-as-a-service (SaaS) carbon emissions platform that traces product-lifecycle carbon intensity and automates transaction-level reporting. The software provides a "carbon nutrition label" for every transaction. We are engaged with leading fortune 100 companies in heavy industries such as energy, chemicals, and manufacturing. For more information, visit Emission Critical News.
About Chevron Technology Ventures
Chevron Technology Ventures pursues technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. For more information, visit www.chevron.com.
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Source :Emission Critical Technologies Inc
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