Platts launches Carbon Intensity escalators for low-carbon ammonia in Japan, South Korea

Platts, part of S&P Global Commodity Insights, has launched Carbon Intensity escalators for low-carbon ammonia cargoes in Japan and South Korea, effective Sept. 4.

Following industry feedback the JKAP CI threshold will be set at 40gCO2e/MJ.

The CI escalators can be used to normalize bids/offers/trades of low carbon ammonia into Korea and Japan, with a carbon intensity below the JKAP threshold specified.

The Japan and Korea CI escalators are published in USD/gCO2e/MJ.

For low carbon ammonia cargoes bid/offered/traded in to Korea the escalator will use daily values as published by Platts for Korea Allowance Units (KAUs).

Cargoes bid/offered/traded into Japan will use the Japanese Carbon tax as per the official Japanese regulation.

They are published under the two symbols below and will be available in Platts Dimension Pro as well as Platts Hydrogen Daily.

Symbols Description

ADEKB00 Japan Low Carbon Ammonia - Carbon Intensity Escalator USD/gCO2e/MJ

ADEKA00 Korea Low Carbon Ammonia - Carbon Intensity Escalator USD/gCO2e/MJ

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