Platts discontinues SAF cost of production (PFAD) Southeast Asia prices Jan 2

Platts, part of S&P Global Energy, has discontinued its sustainable aviation fuel (SAF) HEFA-SPK cost of production (palm fatty acid distillates or PFAD) Southeast Asia prices, effective Jan. 2.

The discontinuation followed the observation of an increasing trend of limiting PFAD feedstock for the production of SAF via the HEFA-SPK pathway in the global market. This has led to the PFAD-based SAF cost of production prices becoming less relevant.

Platts launched the SAF Southeast Asia cost of production prices on Feb. 19, 2021. The prices were based on cost calculations from S&P Global Energy's Horizon team, on an FOB Singapore basis, and comprised a number of existing Platts assessments and other fixed costs.

As of Oct. 1, 2024, Platts launched an FOB Straits HEFA-SPK neat SAF freight netback assessment. Further details can be found here.

The symbols and mirror symbols that have been discontinued are listed in the table below:

The discontinuation was first proposed in a subscriber note published Oct. 10.

The decision of discontinuation was communicated in a subscriber note published Oct. 24.

The cost of production calculations previously appeared on fixed page 2013 of the real-time Platts Biofuels Alert and 2402, 2403, 2410, 2411, 2414 of the real-time Platts Global Alert, in Biofuelscan and Biomass-Based Diesel report under the mirror symbols and were published in the Oilgram Price report and the Asia-Pacific/Arab Gulf Marketscan under the symbols, as well as in the Platts price database.

Please send any questions, comments or feedback to platts_biofuels @spglobal.com and pricegroup@spglobal.com.

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