Platts opens consultation on updating the RD North Asia cost of production methodology

Platts, part of S&P Global Energy, is opening a consultation on updating the capital expenditure (capex), fixed costs, feed rates and yield reflected in the North Asia Renewable Diesel (UCO) cost of production calculated assessment.

The assessment reflects the production cost of renewable diesel (RD) produced via the Hydrotreated Esters and Fatty Acids (HEFA) pathway, and any updates would aim to ensure that the assessments continue to reflect current market practice.

Platts recognizes that factors such as input fixed costs have evolved since the initial launch of the cost of production price in 2021, and that technological developments and operational practices continue to influence the cost structure of RD production.

Platts, therefore, seeks feedback on:

• The biorefinery fixed costs used in the calculation, including plant front-end costs such as government permit costs, land cost, technology license and royalty fees
• Variable costs such as utilities and subproducts
• Current UCO feed rate and yield

The related assessments are listed in the table below:

Platts publishes the RD cost of production (UCO) North Asia prices in Platts Connect, Biofuelscan, Biomass-Based Diesel Report, US Marketscan, Oilgram Price Report and fixed pages PB2013, RF2404 and RF2414.

Full details on RD cost of production assessments can be found in the Global Biofuels specifications guide available here: Biofuels Price Assessment Methodology

Please submit any feedback, comments or questions about this decision to platts_biofuels@spglobal.com and pricegroup@spglobal.com, by Jan. 14, 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.