Platts changes European neat sustainable aviation fuel CIF cargo assessment basis, specifications

Platts, part of S&P Global Commodity Insights, has changed the basis for the Platts sustainable aviation fuel CIF Amsterdam-Rotterdam-Antwerp assessment to CIF Northwest Europe (NWE) effective Sept. 2, 2024.

Market feedback has indicated a need to include the UK as a delivery option to the neat 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.

The updated assessment basis reflects cargoes that are delivered into the Amsterdam-Rotterdam-Antwerp region, UK and northern France.

Platts has also changed 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 has also raised the minimum greenhouse gas savings for the neat sustainable aviation fuel CIF NWE assessment. The assessment reflects product meeting a minimum GHG saving of 85% under the European Commission’s Renewable Energy Directive (RED II) framework.

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