Platts proposes to launch a series of FuelEU maritime CO2 abatement assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch a series of daily assessments and their related monthly averages focused on the CO2 abatement costs associated with using biofuels against conventional bunker fuels, pertaining to FuelEU maritime regulatory requirements, from Sept. 1.

The assessments aim to quantify the cost of emissions abatement achieved through the use of biofuels in shipping operations, providing market participants with clear metrics for evaluating the costs of different fuel blends in abating greenhouse gas emissions.

This can then provide a visible cost for potential buyers and sellers of FuelEU maritime compliance surplus credits to reference when trading these credits within their pools.

The assessments will include an abatement cost of the following combinations of Platts assessments, with the abated conventional bunker fuel bracketed as appropriate:

• FuelEU CO2 abatement B30 Rotterdam (VLSFO)
• FuelEU CO2 abatement B30 Rotterdam (MGO)
• FuelEU CO2 abatement UCOME Rotterdam (MGO)
• FuelEU CO2 abatement UCOME Rotterdam (VLSFO)
• FuelEU CO2 abatement B24 Singapore (VLSFO)
• FuelEU CO2 abatement B30 Rotterdam (VLSFO) Monthly Average
• FuelEU CO2 abatement B30 Rotterdam (MGO) Monthly Average
• FuelEU CO2 abatement UCOME Rotterdam (MGO) Monthly Average
• FuelEU CO2 abatement UCOME Rotterdam (VLSFO) Monthly Average
• FuelEU CO2 abatement B24 Singapore (VLSFO) Monthly Average

These assessments will be expressed in terms of $/mtCO2e, allowing for standardized comparisons across different fuel types. The emissions factors for Well-to-Wake emissions will be calculated in accordance with REGULATION (EU) 2023/1805 OF THE EUROPEAN PARLIAMENT and the blending assumptions for bio-bunker fuels.

All Platts B30 Rotterdam bio-bunkers assessments reflect a marine fuel blend of 30% used cooking oil methyl ester with very low sulfur fuel oil.

The B24 Singapore market-based assessment reflects a minimum of 84% GHG savings for the biofuel component, which is equivalent to the default emissions value of 14.9 gCO2eq/MJ against the 94 gCO2eq/MJ comparator, under the EU Renewable Energy Directive (RED).

Similarly for UCOME, the default emissions value is 14.9 gCO2eq/MJ under the EU Renewable Energy Directive (RED).

The symbols for assessments utilized in calculating the CO2 abatement prices are as follows:

The assessments will include EUETS costs underpinned by Tank-to-Wake emissions factors of the fuels, calculated using daily EUA price assessments published by Platts, and factoring in the phase-in co-efficient of the current year.

Platts invites feedback on also generating CO2 abatement assessments excluding EU ETS costs.

The assessments will be published on Fixed pages: PBF2500, PBF2502, and will also appear in Bunkerwire and Bunkerwire Monthly.

Please send any questions, comments or feedback to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by August 1, 2025.

For written comments, please indicate if they are not intended for publication by Platts for public viewing. We will consider all comments received and will make comments not marked as confidential available upon request.