Platts modifies ETJ SAF RIN multiplier March 30

Platts, part of S&P Global Energy, has modified the Renewable Identification Number multiplier, component of the Platts SAF Ethanol-To-Jet Cost of Production with credits USGC assessment (ESTFA00), effective March 30, 2026.

This change considers the latest guidance stated in the final rule for the Renewable Fuel Standard for 2026 and 2027, found here.

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).

Under the previously proposed Renewable Fuel Standard rule, a gallon of imported renewable fuel, or fuel produced from foreign feedstocks, would generate half the RINs compared to the same gallon of fuel produced in the US from domestic feedstocks. Platts adjusted the RIN multiplier accordingly on Jan. 2, 2026, in a subscriber note found here. However, in the final RFS ruling for 2026 and 2027 published March 27, the Environmental Protection Agency established that foreign fuels and feedstocks will only receive half the RFS compliance value compared to US-made products from 2028 onwards.

Therefore, Platts will use the full RIN value and multiplier for ETJ SAF.

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.

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