Platts proposes to launch US UCO and DCO price assessments on Dec. 2

Platts, part of S&P Global Commodity Insights, proposes to launch daily USA used cooking oil (UCO) and distiller’s corn oil (DCO) assessments, effective Dec. 2.

Platts has noted increasing liquidity in the UCO, and DCO markets, particularly in Chicago, San Francisco and Houston, driven by demand for low carbon intensity and waste-based feedstocks for biomass-based diesel and Sustainable Aviation Fuel.

Platts proposes to launch three feedstock price assessments:

UCO delivered to San Francisco

UCO delivered to Houston

DCO delivered to Chicago

Deliveries to nearby locations such as New Orleans or Los Angeles may be considered and normalized back to basis location as appropriate.

The proposed assessments would reflect a delivered manifest rail market, with a minimum volume of five rail cars, delivered at place (DAP), 15-30 days forward from date of publication.

The UCO assessment would reflect maximum of 15% free fatty acids (FFA), and a max 2% moisture, impurities, and unsaponifiable (MIU).

The DCO assessment would reflect maximum of 15% FFA and a max 3% MIU.

The assessments would consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process.

These assessments would be published as an outright price in US cents/pound (c/lb) at 1:30 pm Houston time market close and would follow the Platts US publishing schedule.

Please submit any feedback, comments, or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com, and pricegroup@spglobal.com by Oct. 21.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.