Platts proposes to update SAF FOB Straits assessment Feb 2

Platts, part of S&P Global Energy, is proposing to update its daily FOB Straits neat sustainable aviation fuel freight netback assessment to a market-based price assessment, effective Feb. 2, 2026.

Platts has observed a growing supply of SAF in the Straits of Malacca region, driven by the transition to low-carbon fuels following the development of the Carbon Offsetting and Reduction Scheme for International Aviation. The current annual production capacity for this region is close to 1.9 million metric tons of SAF, calculated by Platts, with more announced capacity coming online in the near future .

Platts launched the FOB Straits neat SAF netback assessment on Oct. 1, 2024. The netback price assessment is basis FOB Straits and takes into account the freight rate of Rotterdam-SE Asia 5 kt Weekly (AARJE00), the Platts CIF Northwest European neat SAF cargo assessment (AJNWD00) and a market-based differential.

The proposed assessment update would consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications, as well as any other data deemed relevant to the assessment process.

Platts proposes to reflect a parcel size of 5,000-10,000 mt. Other volumes may be taken into consideration and normalized to the assessed range.

The assessment would remain basis FOB Straits. Other locations within Southeast Asia, such as Indonesia and Thailand, would be considered for the assessment but may be normalized to reflect basis Straits.

The assessment would reflect cargoes loading 15-30 days forward from the date of publication.

The proposed assessment would reflect ASTM D7566 standard specifications for Synthesized Paraffinic Kerosene from Hydroprocessed Esters and Fatty Acids (SPK-HEFA), as referenced in Annex A2, with a relative density of 760 kg/cu m (at 15 degrees Celsius). The proposed assessment would reflect SAF produced from Renewable Energy Directive-compliant feedstocks, with an exclusion for PFAD, and reflect minimum GHG savings of 80%. Other GHG savings levels, such as 85% GHG savings, will be considered but may be normalized to the minimum basis level. The proposed SAF assessment would reflect ISCC EU-certified cargoes. ISCC CORSIA certified cargoes would also be considered but may be normalized.

The affected assessments and the symbols are:

The proposed market-based assessment would be published in $/mt and in outright price under the symbol SFSMT00, and the symbol SFSBB00 would be the calculation, converting $/mt to $/b.

Platts also proposes to publish a SAF FOB Straits premium versus the Platts Jet Kero FOB Spore Cargo assessed forward curve . The specifications of the premium would be the same as the outright price.

The above assessments are currently published on fixed pages 1013 and 2013 of the real-time Platts Biofuels Alert, in the Biofuelscan, Fuel Ethanol report, Biomass-Based Diesel report and the Oilgram Price report.

The full methodology and specifications for the SAF assessment can be found here: biofuels-specifications.pdf

Please submit any feedback, comments, or questions about this proposal to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by Dec. 23, 2025.

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.