Platts proposes Dec 1 launch of Vancouver rail renewable diesel RD99,RD100 assessments

Platts, part of S&P Global Energy, proposes to launch daily Vancouver rail assessments for 99% renewable diesel blended with 1% conventional petroleum diesel (RD99) and 100% renewable diesel (RD100), effective Dec. 1, 2026.

Platts would also launch an RD99 differential assessment against NYMEX ultra-low sulfur diesel (ULSD) futures.

Platts has observed growing interest in the Canadian renewable diesel market, driven by the implementation of the Clean Fuel Regulations program and the British Columbia Low Carbon Fuel Program. This has increased demand for renewable diesel and associated compliance credits in the region. The Clean Fuel Regulations program requires gasoline and diesel primary suppliers to gradually reduce the carbon intensity (CI) of the fuels they supply, aiming for an approximate 15% reduction in CI of liquid fuels by 2030.

The proposed RD99 assessment would exclude federal and provincial compliance credits, while the RD100 assessment would include the value of Canada Clean Fuel Regulations Compliance Category 2 Current Quarter credits and British Columbia Low Carbon Fuel Standard Current Quarter credits.

The proposed Renewable Diesel Vancouver, RD99, and RD100 price assessments would reflect the specifications below:

Assessments would reflect delivery via rail, including Canadian National Railway Company or Canadian Pacific Kansas City. Market information reflecting alternative delivery locations or transport modes, including barge-delivered material, may be considered and normalized to the DAP rail Vancouver basis where appropriate.

Platts would reference the weighted-average carbon intensity (CI) of renewable diesel imported into or produced in Canada, calculated using the three most recently published quarterly CI values by Environmental and Climate Change Canada (ECCC), in its Clean Fuel Regulations quarterly credit market report. The reference value would be updated as ECCC publishes new quarterly data.

Platts would also publish an RD99 differential to NYMEX ULSD futures. The Platts RD99 NYMEX differential rolls from the front-month NYMEX ULSD futures contract (AAHS001) to the second month (AAHS002) NYMEX ULSD futures contract based on trading liquidity and market feedback.

The proposed assessments would be published in US cents/gal and converted into Canadian cents/liter using the 1:30 pm CT US dollar/Canadian dollar exchange rate assessment (CADUS00).

Platts would consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades, and indicative price information, as well as any other data deemed relevant to the assessment process, including data from adjacent markets such as a net-forward calculation from the Platts RD99 USGC assessment (AAUWP00) to Vancouver.

The assessments would be published on fixed pages PBF010, PBF011, PBF310, and PBF311, as well as in Platts Biofuelscan, Biomass-Based Diesel Report, and Energy Core. They would reflect a 1:30 pm CT timestamp and follow the US publishing schedule.

Please submit any feedback, comments, or questions to platts_biofuels@spglobal.com and pricegroup@spglobal.com by Nov. 2, 2026.

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.