Platts clarifies calorific values used in FuelEU Maritime CO2 abatement assessments from Oct. 1

Platts, part of S&P Global Commodity Insights, clarifies the calorific values used to calculate fuel emission factors in its FuelEU Maritime CO2 abatement assessments and that it will update the calorific value used for fuel oil from Oct. 1, based on market feedback.

Platts wishes to clarify that the calorific values used for the fossil fuel components in its FuelEU CO2 abatement assessments reflect those outlined in Annex II of Regulation (EU) 2023/1805 of the European Parliament.

Currently, Platts utilizes a calorific value of 0.041 MJ/g for fuel oil and a calorific value of 0.0427 MJ/g for marine gasoil. For UCOME, Platts utilizes a calorific value of 37 MJ/kg, as per the EU Renewable Energy Directive (RED) .

From Oct. 1, the calculated assessments will utilize a calorific value of 0.0405 MJ/g for fuel oil, based on market feedback. There are otherwise no changes to the calorific values used for other types of fuels in the calculation of fuel emission factors.

The update to the calorific value used for fuel oil from Oct. 1 will affect the following assessments:

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