Platts to launch FuelEU maritime CO2 Abatement assessments Sept 1

Platts will launch a series of assessments focused on carbon dioxide abatement costs using biodiesel over conventional bunker fuels, pertaining to FuelEU maritime regulatory requirements, from Sept. 1, 2025.

The assessments aim to quantify the cost of emissions abatement generated through the use of biodiesel in bunkering operations, providing market participants with clear metrics for evaluating the cost of abating greenhouse gas emissions.

This can be used by potential buyers and sellers of FuelEU maritime compliance surplus credits to negotiate trading of these credits within their pools.

The assessments will reflect the abatement cost of the following combinations of daily Platts assessments along with their monthly averages, with the bunkering location bracketed as appropriate:

Platts B30 Rotterdam UCOME assessment (ABKRA00) reflects a marine fuel blend of 30% used cooking oil methyl ester and very low sulfur fuel oil. Platts B24 Biobunkers LSFO Singapore market-based assessment (LSFOO00) reflects a marine fuel blend of 24% bio-component and 76% low-sulfur fuel oil.

Platts will update the B30 Rotterdam UCOME assessment (ABKRA00) to a market-based assessment, effective Aug. 4, 2025: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/070725-platts-to-update-biobunker-b30-rotterdam-ucome-assessment-aug-4 .

These CO2 abatement assessments will be expressed in terms of $/mtCO2e, allowing for standardized comparisons across different fuel types. The emissions factors for Well-to-Wake emissions are calculated in accordance with REGULATION (EU) 2023/1805 OF THE EUROPEAN PARLIAMENT and the blending assumptions for bio-bunker fuels.

For UCOME, the default well-to-wake emissions value is 14.9 gCO2eq/MJ under the EU Renewable Energy Directive (RED).

The assessments will include EU ETS costs underpinned by Tank-to-Wake emissions factors of the fuels, calculated using daily EUA price assessments published by Platts ( EADLP00) , and factoring in the phase-in co-efficient of the current year.

The assessments will be published on the Platts Alert services for shipping and fuel, and will also appear in Bunkerwire and Bunkerwire Monthly, along with the Biofuelscan reports.

Platts originally proposed to launch the FuelEU CO2 abatement assessments on June 23: Platts proposes to launch a series of FuelEU maritime CO2 abatement assessments | S&P Global .

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

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.