Platts to launch daily refined POME FOB Indonesia assessment Feb 2

Platts, part of S&P Global Energy, will launch a daily assessment for refined palm oil mill effluent (POME) on an FOB Indonesia basis, effective Feb. 2, 2026.

The decision follows the growing demand for Indonesia's refined POME since the country restricted its crude POME exports. Indonesia is the largest producer of POME globally, producing about 2 million metric tons/year, according to data from S&P Global Energy. To prioritize domestic industry and biodiesel expansion, the country has temporarily banned the export of crude POME since Jan. 8, 2025. Refined POME is crude POME that undergoes treatment processes to remove impurities, which can still currently be exported from Indonesia.

The assessment will have the following specifications:

The assessment will reflect cargoes loading during a 45-day period covering three half months, starting from a maximum of 15 days forward from the date of publication. The assessment laycan will roll over to the next 45 days on the 1st and 16th of each month, or the first publishing day after if they fall on weekends or a public holiday.

For example, on Feb. 2, 2026, the Platts refined POME FOB Indonesia assessment will reflect cargoes loading Feb. 16 to March 31, reflecting H2 February, H1 March and H2 March. On Feb. 16, 2026, the assessment will reflect cargoes loading in H1 March, H2 March and H1 April.

The assessment will reflect a cargo size of 1,000-5,000 mt, on a free on board (FOB) Dumai and Belawan, Indonesia basis. The assessment will also reflect cargoes loading in other ports in Indonesia, including Kuala Tanjung, Tanjung Perak and Tanjung Priok, and normalizing back to the basis location of Dumai and Belawan. Other volumes may also be considered and normalized back to the stated volume specifications.

The assessment will reflect POME that adheres to the ISCC certification scheme, in compliance with the EU's Renewable Energy Directive or RED requirements.

The assessment will be published in US $/mt, will reflect a 6:00 pm Penang time market close and follow the Platts Penang publishing schedule.

The assessment was first proposed in a subscriber note published Nov. 10.

The assessment will be published on Platts Biofuels Alert pages 2400 and 2402, in the daily Platts Biofuelscan, the Weekly Biomass-Based Diesel Report and in the Platts price database.

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

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