Platts proposes changes to sustainable aviation fuel CIF ARA assessment delivery basis and specifications

Platts, part of S&P Global Commodity Insights, is proposing to change the basis for the Platts sustainable aviation fuel CIF ARA assessment to CIF Northwest Europe (NWE) effective Sept. 2, 2024.

The update would reflect that cargoes delivered into the Amsterdam-Rotterdam-Antwerp region, UK and northern France are included in the assessment.

Market feedback has indicated a need to include the UK as a delivery option to the sustainable aviation fuel CIF ARA assessment to promote higher liquidity, increase depth of data to the assessment and to better align with the underlying Platts jet fuel cargos CIF NWE price assessment.

Platts is also proposing to change the cargo volume size reflected in the assessment to 5,000-10,000 mt, from 500-5,000 mt. Volumes outside this range will be normalized to this basis.

Platts also proposes to raise the minimum greenhouse gas savings for the sustainable aviation fuel CIF NWE assessment. The assessment would reflect product meeting a minimum GHG saving of 85% under the European Commission's Renewable Energy Directive (RED II) framework.

Please send any comments or questions by July 30, 2024 to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

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