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Agriculture, Energy Transition, Biofuel, Renewables
October 23, 2025
Platts, part of S&P Global Commodity Insights, will discontinue its renewable diesel (RD/HVO) (UCO) Cost of Production prices, effective Jan. 2, 2026.
Platts has seen increasing liquidity in renewable diesel (HVO) spot markets. This has led to the cost of production calculation becoming less relevant as a reflection of the RD (HVO) market.
Platts proposed to discontinue renewable diesel prices on Oct. 6 in the following note .
As of May 1, 2024 Platts launched market-based price assessments for European RD (HVO), that take into account bids, offers, trades and other relevant information. The two price assessments reflect RD produced from feedstocks in Annex IX-A and IX-B of the Renewable Energy Directive (RED). Further details can be found here .
As of Aug. 1, 2024, Platts launched market-based assessments for US West Coast RD (HVO) that take into account bids, offers, trades, and other relevant information. The four price assessments reflect RD of 99% and 100% purity, delivered to both Los Angeles and San Francisco. Further details can be found here.
The assessments that will be discontinued are currently published in Platts Biofuelscan, Platts Biofuels Alert Service, European Marketscan, Asia-Pacific/Arab Gulf Marketscan, US market scan and under the following symbols:
| Description | Symbol | M. Avg | Mirror | M. Avg |
| RD Cost of Production (UCO) NWE $/mt | HVNWD00 | HVNWD03 | HVNWA00 | HVNWA03 |
| RD Cost of Production (UCO) NWE $/bbl | HVNWE00 | HVNWE03 | HVNWB00 | HVNWB03 |
| RD Cost of Production (UCO) NWE Eur/mt | HVNWF00 | HVNWF03 | HVNWC00 | HVNWC03 |
| RD Cost of Production (PFAD) Southeast Asia $/bbl | HVSAA00 | HVSAA03 | HVMAA00 | HVMAA03 |
| RD Cost of Production (PFAD) Southeast Asia $/mt | HVSAB00 | HVSAB03 | HVMAB00 | HVMAB03 |
| RD Cost of Production (Tallow) w/ Credits USWC $/mt | ARDFA00 | ARDFA03 | ARDFC00 | ARDFC03 |
| RD Cost of Production (Tallow) w/o Credits USWC $/mt | ARDFB00 | ARDFB03 | ARDFD00 | ARDFD03 |
| RD Cost of Production (Tallow) w/ Credits USWC $/bbl | ARDFE00 | ARDFE03 | ARDFG00 | ARDFG03 |
| RD Cost of Production (Tallow) w/o Credits USWC $/bbl | ARDFF00 | ARDFF03 | ARDFH00 | ARDFH03 |
| RD Cost of Production (Tallow) w/ Credits USWC cts/gal | ARDFI00 | ARDFI03 | ARDFK00 | ARDFK03 |
| RD Cost of Production (Tallow) w/o Credits USWC cts/gal | ARDFJ00 | ARDFJ03 | ARDFL00 | ARDFL03 |
In addition, the following spread calculations derived from the cost of production prices will also be discontinued:
| Description | Symbol |
| European RD GHG Savings | AEURE00 |
| European RD-ULSD Ratio | AEURF00 |
| European RD-ULSD Spread | AEURG00 |
| Asia RD-Gasoil Ratio | ASIAB00 |
| Asia RD-Gasoil Spread | ASIAC00 |
| USWC RD-Diesel Ratio | AUSWB00 |
| USWC RD-ULSD Spread | AUSWC00 |
Please send any questions, comments or feedback, to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com .
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.