Net zero
Overview
Energy transition offers tough challenges and huge opportunities. Far from affecting only the power sector, all major industries are looking to transform how they produce, store, transport and consume energy. The need for authoritative information on fuels, industrial heat, power and chemical raw materials has never been greater.
Argus is helping companies to understand the landscape of the emerging net zero economy. Our global ecosystem of energy experts provides an industry-grounded understanding of each aspect of how your firm can better navigate the journey to net zero status.
Net zero market coverage
Argus is a leading independent provider of market intelligence to the global energy and commodity markets. Our price assessments and market intelligence are available for all major commodities driving the journey to net zero. Explore our coverage most relevant to your business.
Latest net zero news
Browse the latest market moving news from across key energy transition markets.
Thailand's Bangchak supplies SAF to Thai Airways
Thailand's Bangchak supplies SAF to Thai Airways
Singapore, 17 July (Argus) — Thailand's Bangchak supplied blended sustainable aviation fuel (SAF) to Thai Airways, used on a Bangkok-Singapore flight on 16 July. This also marked Bangchak's first SAF sale to an airline. The SAF was produced from Bangchak's Phra Khanong refinery, which came on line in mid-May with a 1mn litre/d (277,400t/yr) production capacity. The plant consumes used cooking oil (UCO) as its primary feedstock, and its production and supply system are certified under internationally-recognised International Sustainability and Carbon Certification (ISCC) Corsia and ISCC EU standards, Bangchak said on 16 July. The SAF was supplied via the pipeline system operated by Bangkok Fuel Pipeline and Logistics (BPT) to Thailand's Suvarnabhumi Airport. It was then delivered to the aviation fuel depot operated by Bangkok Aviation Fuel Services Public Company Limited (BAFS) at the airport, before entering the aircraft refuelling system under the same standards applied to conventional aviation fuel. Bangchak declined to reveal publicly the volumes supplied and the pricing basis which the deal was concluded against. Its refinery had previously shipped out its first SAF cargo in May to a term buyer in Europe, sold on an Argus -linked formula price. Around 9,500t of was SAF exported from Thailand in June, and possibly 10,000t in July, vessel-tracking data from Kpler show. No hydrotreated vegetable oil (HVO) exports have been recorded yet, as Thailand currently restricts HVO exports from the country. Thailand has a voluntary target of 0.5-1pc SAF usage on international routes this year, to rise in stages to 8pc in 2036. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil soybean oil exports may exceed forecasts
Brazil soybean oil exports may exceed forecasts
Sao Paulo, 16 July (Argus) — Brazil's soybean oil exports may surpass projections made at the beginning of 2026, driven higher by rising international demand, a trend likely to bolster prices and inflate biodiesel production costs. Soybean oil shipments could total 2mn metric tonnes (t) in 2026, according to grain processing companies. That's above the 1.6mn t projection from Brazil's association of vegetable oil industries Abiove at the beginning of the year. Soybean oil dispatches in the first half of the year totaled 1mn t, according to data from trade ministry Mdic. Even with the prospect of higher than expected exports, the supply of soybean oil in Brazil's domestic market is expected to remain sufficient to meet requirements of its biodiesel and food sectors. But increased competition for the product is likely to reduce its availability and drive up prices. Soybean oil's profitability is fueling interest in exports. For vertically integrated companies — those that operate across different stages of the supply chain, from feedstock production to fuel manufacturing — it has been more advantageous to sell the oil on the international market than to use it for biodiesel production. Argus indicators highlight the price disparity. Last week, soybean oil traded, on average, at R5,958 ($1,170)/t at the port of Paranagua, while the average price of biodiesel contracts in the Parana–Santa Catarina region stood at R5,628/t. The same trend took place in Mato Grosso state, where soybean oil averaged R5,725/t, compared with biodiesel contracts of R5,405/t in the state's north and R5,551/t in the south. Soybean crushers are also struggling to negotiate soybean oil prices with biodiesel producers that are not vertically integrated or lack the capacity to fully meet their demand for the input. According to the sector, these plants are pushing for lower prices in their counter offers to purchase soybean oil, given the narrower margins on their bi-monthly biofuel supply contracts. Despite biodiesel plants' resistance to higher soybean oil prices, the sector remains the largest market for crushers. In 2025, approximately 6.7mn t — around 56pc of national soybean oil production — were used for biodiesel production, according to Argus estimates. Exports, meanwhile, totaled 1.3mn t during the same period, accounting for nearly 11pc of production, according to data from Abiove. International demand The increased international demand for Brazilian soybean oil comes amid a rise in the mandatory biodiesel blending in diesel in Indonesia and Malaysia, putting Brazil on the radar of vegetable oil buyers. In Indonesia, the biofuel blend in fossil fuel has increased to 50pc from 40pc, a measure likely to boost domestic palm oil consumption and reduce the product's supply on the international market. The increase in the blending mandate comes as Indonesian palm oil production is expected to begin a downward trend. Among the main challenges are aging trees, an insufficient replanting rate and declining yields. Malaysia, another major palm oil producer, is also considering raising the mandatory biodiesel blend in diesel to 50pc. The country is working toward the goal of gradually increasing the share of biofuel to 30pc by 2030 in land transportation. The mandatory blend now sits at 10pc nationwide, but some regions have already adopted a 20pc blend. By Natalia Dalle Cort Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Nippon Paper launches Australian ACCU project
Nippon Paper launches Australian ACCU project
Singapore, 16 July (Argus) — Japan's Nippon Paper Industries, through its wholly owned subsidiary Nippon Paper Resources Australia (NPR), has launched a carbon credit generation project in Australia's Green Triangle region of western Victoria, the company said on 15 July. NPR received approval from Australia's Clean Energy Regulator (CER) in 2026 to register the carbon project that will generate Australian Carbon Credit Units (ACCUs) from new radiata pine plantations established on land previously used for hardwood forestry. Credit issuance is expected to begin from 2027 under Australia's federal carbon credit scheme. NPR said it will gradually convert existing hardwood plantations to softwood from 2026, with the first phase covering around 1,500 hectares by 2028. The company also plans to use experience gained during the first phase of development to assess a larger second phase that could expand plantation and carbon project areas to around 10,000 hectares. ACCU spot prices were broadly flat compared with the start of the week, assessed at A$37.95/t of CO2 equivalent (CO2e) ($27/t CO2e) on 15 July, after briefly rising to a weekly high of A$38.05/t CO2e on 14 July. By Lawrence Wen Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Erex plans third biomass co-firing trial in Vietnam
Erex plans third biomass co-firing trial in Vietnam
Tokyo, 15 July (Argus) — Japanese renewable energy developer Erex plans will conduct its third test run of coal and biomass co-firing operations at a Vietnamese power plant in September, the company said today. Erex plans to start the trial combustion in late September at the 30MW Nong Son thermal power plant in the central region of Vietnam, which is held by state-owned company Vietnam National Coal and Mineral Industries (Vinacomin). The company aims to achieve co-firing rate of 10pc on wood chips and 30pc on wood pellets with coal. The test run is expected to last for one month. Erex has successfully completed trial combustions of coal and biomass co-firing operations at two other Vinacomin plants , burning up to 20pc of wood chips at the 110MW Na Duong plant and up to 30pc of wood pellets at the 115MW Cao Ngan plant. The company also plans to conduct a co-firing test run at the 670MW Cam Pha thermal coal plant around 2027-28. Erex and Vinacomin are expected to renovate Na Duong and Cao Ngan in 2026-27 and start commercial co-firing operations around 2027-28. The companies aim to conduct co-firing operations at six of Vinacomin's thermal coal plants in Vietnam in future, with a total capacity of 1,585MW. The co-firing projects underscore Vietnam's net-zero strategy. The country currently relies on coal to meet around one-third of its electricity demand, with power consumption increasing by 10 pc/yr. Vietnam has looked to biomass fuels as self-sufficient renewable energy sources. Meanwhile, Erex is eyeing carbon credits from the co-firing projects and is in negotiation with the Vietnamese government on this. The company is considering selling some of the carbon credits to other firms in Japan, after commercial co-firing operations begin in Vietnam. By Takeshi Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spotlight content
Browse the latest thought leadership produced by our global team of experts covering net zero markets around the globe.
<p>Hydrogen’s Crossroads: Rising Demand, Policy Uncertainty</p>
Explore insights on low-carbon hydrogen, REDIII policies, and supply dynamics in Europe’s low-carbon energy transition.
<p>Torrefied pellets: Early lessons and what comes next</p>
Discover what’s shaping the future of torrefied biomass, from feedstock and logistics challenges to shifting demand and policy needs.
Global Hydrogen Mid-year Outlook 2026
Explore our net zero products
Whether you’re looking for independent spot price assessments, the latest industry news or long-term market analysis, we have the solutions you need for biofuels, electric power, hydrogen, ammonia, battery materials, biomass and more. Explore our range of our services.
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
