Platts, part of S&P Global Commodity insights, has begun publishing global carbon intensity calculations and daily carbon offset premiums for gasoline, diesel and jet fuel effective Nov. 15.
This follows on from a decision note published Nov. 9 and available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110922-platts-to-launch-monthly-carbon-intensity-calculations-daily-carbon-offset-premiums-for-refined-products-nov-15
Platts has started publishing monthly calculations of refined products carbon intensity for Gasoline, Diesel and Jet Fuel for the US Gulf Coast, Northwest Europe, and Singapore in kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/bbl, Singapore), kilograms of carbon dioxide equivalent per metric ton of oil equivalent (kgCO2e/mt, NWE), and kilograms of carbon dioxide equivalent per gallon of oil equivalent (kgCO2e/gal, Houston). Platts has also begun publishing daily offset premium assessments in cents/gal (USGC), $/mt (NWE), and $/b (Singapore) using the daily Platts Carbon Removal Credit (Platts CRC) voluntary carbon credit assessment.
The Platts Refined Products Carbon Intensity methodology is designed to reflect the value of refined products production for a specific types of refined products.
Platts uses a bottom-up approach in the calculation of refined products carbon intensity and will employ an allocations-based method that aggregates the carbon footprint of all the different process units involved to process and make key refined products. This will cover Scope 1 direct on-site emissions and use 100% imported electricity in the calculation of Scope 2, and an external natural gas feed for Scope 3. The model will currently not incorporate upstream crude feedstock emissions or the midstream emissions generated through the transport of crude to the refinery gate.
Results and runs are generated using the Petroleum Refinery Life Cycle Inventory Model (PRELIM) v1.6, combined with proprietary research and data from S&P Global Commodity Insights. The overall calculated refined product carbon intensity reflects an aggregate of the different refinery configuration and crude runs based on weightings assigned to reflect the typical refinery operations in a region for a given quarter. The weightings are based on S&P Commodity Insights view on the contributions from the different refinery types, e.g., hydroskimming, cracking, coking, and crude diet.
These new assessments are available in US Marketscan, European Marketscan and Asia Pacific Marketscan; on Platts Global Alert page 4207; as well as on Platts Dimensions Pro and in the Platts Pricing Database under Market Data Category CIR and under the following codes:
Gasoline Unl 92 FOB Singapore Cargo Carbon Intensity Mthly
Gasoline Unl 92 FOB Singapore Cargo Carbon Intensity Premium
Gasoil 10ppm FOB Singapore Cargo Carbon Intensity Monthly
Gasoil 10ppm FOB Singapore Cargo Carbon Intensity Premium
Jet Kero FOB Singapore Cargo Carbon Intensity Mthly
Jet Kero FOB Singapore Cargo Carbon Intensity Premium
Gasoline Eurobob (E5) FOB NWE Barge Carbon Intensity Mthly
Gasoline Eurobob (E5) FOB NWE Barge Carbon Intensity Premium
ULSD 10ppm FOB NWE Barge Carbon Intensity Mthly
ULSD 10ppm FOB NWE Barge Carbon Intensity Premium
Gasoline CBOB USGC Prompt Pipeline Carbon Intensity Mthly
Gasoline CBOB USGC Prompt Pipeline Carbon Intensity Premium
ULSD USGC Prompt Pipeline Carbon Intensity Mthly
ULSD USGC Prompt Pipeline Carbon Intensity Premium
Jet Kero 54 USGC Prompt Pipeline Carbon Intensity Mthly
Jet Kero 54 USGC Prompt Pipeline Carbon Intensity Premium
Please send any feedback to Platts_Carbon@spglobal.com and firstname.lastname@example.org.
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.