Platts to modify the ETJ SAF CFPC and RIN multiplier from Jan. 5, 2026

Platts, part of S&P Global Commodity Insights, will modify the Clean Fuel Production Credit (CFPC) calculation and the Renewable Identification Number (RIN) multiplier, components of the SAF Ethanol-To-Jet Cost of Production assessment (ESTFA00), effective Jan. 5, 2026.

This change considers the latest guidance stated in the One Big Beautiful Bill Act and the proposed rule for the Renewable Fuel Standard (RFS) for 2026 and 2027.

Clean Fuel Production Credit for imported feedstock

According to the One Big Beautiful Bill Act, the CFPC will apply for fuels exclusively derived from feedstocks produced or grown in the US, Mexico or Canada.

Platts methodology states that one of the SAF inputs for the Aviation Fuel ETJ Cost of Production assessment is Ethanol from Brazil (Ethanol FOB Santos - AAWFO00). As a result, Platts will remove the CFPC from the SAF ETJ Cost of production with credits USGC (ESTFA00) calculation.

RIN multiplier for imported feedstock

Under the proposed RFS rule for 2026 and 2027, the Environmental Protection Agency (EPA) proposes to reduce the number of RINs generated for imported renewable fuel and renewable fuel made from foreign feedstocks. A gallon of imported renewable fuel, or fuel produced from foreign feedstocks, would generate half the RINs compared to the same gallon of fuel produce d in the US from domestic feedstocks.

Platts methodology states that one of the SAF inputs for the Aviation Fuel ETJ Cost of Production assessment is Ethanol from Brazil (Ethanol FOB Santos - AAWFO00). As a result, Platts will modify the RI N multiplier to 0.8 RIN/gal from 1.6 RIN/gal from the SAF ETJ Cost of production with credits USGC (ESTFA00) calculation.

Platts Global Biofuels Specifications Guide can be found here.

Platts publishes the SAF ETJ price in Platts Connect, Biofuelscan, Biomass-Based Diesel Report the Oilgram Price Report, Global Ethanol Report and fixed pages PBF0010, PBF0011, PBF0012, PGA0158, PRF0158, PGA0450, PRF0450, PGA0480, PRF0480, PGA0483 and PRF0483.

Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com.

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