Agriculture, Energy Transition, Refined Products, Biofuel, Renewables, Jet Fuel
November 11, 2025
Platts to modify CFPC calculation for BBD, SAF and RIN multiplier for RD, Jan. 5, 2026
Platts, part of S&P Global Commodity Insights, will update the Clean Fuel Production Credit (CFPC) calculation, and the Renewable Identification Number (RIN) multiplier used in some biofuels assessments, effective Jan. 5, 2026.
The CFP C updates will impact the biodiesel, renewable diesel (RD) and SAF assessments. The RIN multiplier update will impact the RD assessments.
The modifications are based on the latest guidance stated in the One Big Beautiful Bill Act, and the proposed rule for the Renewable Fuel Standard (RFS) for 2026 and 2027.
Clean Fuel Production Credit
According to the One Big Beautiful Bill Act, the carbon intensity (CI) will be rounded to the nearest multiple of 5 kgCO2/MMBtu to calculate the CFPC.
Therefore, Platts will calculate the CFPC as follows:
(50 – CI rounded) /50 x maximum credit value
The actual CI (in kgCO2/MMBtu) for every fuel is stated in Platts methodology. In line with the One Big Beautiful Bill Act, the maximum credit value for biomass-based diesel produced in 2026 is 100 cents/gal.
The assessments impacted will be:
| Assessment | Outright | Premiums | Monthly average s |
| Biodiesel B 100 SME Chicago | AAURR00 | AAURR0 3 | |
| Biodiesel B 100 SME Houston | AAURS00 | AAURS0 3 | |
| R100 San Francisco | AAUWE00 | AAUWI00 (RD100 SF vs NYMEX ULSD), RAUWI00 (RD100 SF vs CARB ULSD) | AAUWE0 3 , AAUWI03, RAUWI03 |
| R100 Los Angeles | AAUWC00 | AAUWG00 (RD100 LA vs NYMEX ULSD) RAUWG00 (RD100 LA vs CARB ULSD) | AAUWC0 3 , AAUWG03, RAUWG03 |
| SAF CA | SAFCA00 | SAFCB00 ( SAF CA vs Jet LA) | SAFCA0 3 , SAFCB03 |
| SAF IL | SAFCD00 | SAFCE00 (SAF IL vs Jet Chicago) | SAFCD0 3 , SAFCE03 |
| SAF Cost of Production (H-S, Tallow) w/ Credits USWC | ASAFK00 | ASAFK03 |
RIN multiplier
According to the proposed rule for the Renewable Fuel Standard for 2026 and 2027, the equivalence value for renewable diesel specified would change to 1.60 RIN/gal from 1.70 RIN/gal.
Therefore, Platts will change the RIN multiplier for all renewable diesel assessments with credits attached.
The assessments impacted will be:
| Assessment | Outright | Premium | Monthly Average s |
| R100 San Francisco | AAUWE00 | AAUWI00 (RD100 SF vs NYMEX ULSD) , RAUWI00 (RD100 SF vs CARB ULSD) | AAUWE0 3 , AAUWI03, RAUWI03 |
| R100 Los Angeles | AAUWE00 | AAUWG00 (RD100 LA vs NYMEX ULSD) RAUWG00 (RD100 LA vs CARB ULSD) | AAUWE0 3 , AAUWG03, RAUWG03 |
| RD soybean oil margin indicator | RRDFJ00 | RRDFJ0 3 | |
| RD tallow margin indicator | RRDFK00 | RRDFK0 3 |
Platts Global Biofuels Specifications Guide can be found here.
Platts publishes the bio mass-based diesel and SAF prices in Platts Connect, Biofuelscan, Biomass-Based Diesel Report and fixed pages PBF0010, PBF0011 and PBF0012. SAF prices also appear in the Oilgram Price Report, Global Ethanol Report and fixed pages PGA 0158, PRF 0158, PGA 0450, PRF 0450, PGA 0480, PRF 0480, PGA0483 and PRF0483.
Please submit any feedback, comments, or questions to mrts_biofuelsandfeedstocks@spglobal.com, and pricegroup@spglobal.com.
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