Platts launches global biofuel calculations and spreads

S&P Global Platts has launched global spreads and ratios using existing biofuel, credit and refined product assessments, effective Sept. 2, 2021.

The calculated spreads and ratios provide insight into the price of greenhouse gas reductions using biofuels, carbon credit values for biofuels and the relationships between biofuels and related fossil fuels.

The following prices represent spreads and ratios between existing Platts assessments:

The following prices represent the value of each point of Carbon Intensity (CI) per gallon of fuel under Californias Low Carbon Fuel Standard. The published CI prices per point are calculated using the Platts assessment of front-quarter California LCFS credits ($/mt) and the energy density of the relevant fuel, as published by the California Air Resources Board.

The following prices represent the cost of reducing greenhouse gas emissions using physical biofuels in Europe. The calculations adjust Platts biofuels and refined product assessments based on energy densities published in the European Commissions Renewable Energy Directive and then compare the greenhouse gas emissions scores for biofuels and fossil fuels published in RED.

The prices are published in the Platts price database under the descriptions and codes listed above and on the Energy Transition page on Platts Dimensions Pro. Please send any feedback or questions to americas_ags@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if the comments are not intended for publication by S&P Global Platts for public viewing. S&P Global Platts will consider all comments received and will make available comments not marked as confidential upon request.