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.
India to launch national SAF roadmap: ISMA
India to launch national SAF roadmap: ISMA
Goa, 29 January (Argus) — India will launch a national sustainable aviation fuel (SAF) roadmap in the near term to provide clarity on guaranteed offtake and improve investor confidence, with a focus on the alcohol-to-jet pathway for SAF production, said Deepak Ballani, Director General of Indian Sugar and Bio-energy Manufacturers Association (ISMA). SAF in India will be a controlled product, with prices set by the government based on the feedstock costs, Ballani said on the sidelines of the India Energy Week in Goa. He was unable to comment on when the roadmap will be published. Ballani also said that India aims to produce 4bn litres of SAF for international flights. India has targeted to blend 1pc SAF into jet fuel for international flights by 2027, rising to 2pc by 2028 and 5pc by 2030. Meanwhile, he noted that biodiesel production from used cooking oil (UCO) has not been viable because of feedstock aggregation issues, and current blending of biodiesel in diesel has been less than 1pc — far short of the country's 5pc blending target for 2030. Indian oil marketing companies are also working on blending ethanol into diesel, with trials in the preliminary stage, Ballani said. He added that India currently has the capacity to produce 32pc ethanol-blended gasoline and has reached its E20 target in 2025. By Sathya Narayanan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil groups seek fossil fuel phase-out: Update
Brazil groups seek fossil fuel phase-out: Update
Updates with finance ministry's comments on when it will deliver the roadmap draft. Sao Paulo, 28 January (Argus) — Brazil's path to phase out fossil fuels needs to focus on the power and industrial sectors and include ambitious goals that can reduce risks, preserve energy security, ensure tariff fairness and maintain economic competitiveness, climate umbrella group Observatorio do Clima said. Brazilian president Luiz Inacio Lula da Silva on 8 December asked the energy, environment and finance ministries to draft a resolution by 3 February mapping out the phase-out of fossil fuels. He previously called for the creation of an international plan to move away from fossil fuels during a leaders' summit only a few days before November UN Cop 30 climate summit in northern Brazil. But the call did not make it to the summit's final decision despite backing from more than 80 countries . Instead, the Cop 30 presidency pledged to create a roadmap on the issue outside of official negotiations. An initial draft could be ready by April , when Colombia is set to host a global summit on the topic , according to Cop 30 president Andre Correa do Lago. Brazil's finance ministry told Argus that it is working on the roadmap draft alongside the environment and energy ministries, as well as Lula's chief of staff, and that it will deliver it on 9 February. The Observatorio do Clima's proposal includes 46 recommendations laid out in three sections: energy policy and transition guidelines; financing and economic fundamentals; and governance guidelines. The recommendations include: Replacing thermoelectric power plants with renewable-powered sources whenever possible, as well as avoiding contracting new fossil-fueled facilities; Fully banning hydraulic fracturing; Gradually reducing natural gas and oil usage in industry by replacing them with alternative fuel sources such as green hydrogen, biomass and electricity; Discontinuing investments in carbon capture and storage projects; A plan to end crude block auctions; Adding fuels such as biomethane, biodiesel, ethanol and hydrogen to Brazil's transport sector; Eliminating fossil fuel subsidies; Increasing state-controlled Petrobras' spending on renewables; Establishing a national fund to finance the energy transition. The plan was published and officially forwarded to the government on Wednesday, Observatorio do Clima's public policy coordinator Suely Araujo said. The group has held informal talks with government officials, she added. It will serve as both a guideline to the Brazilian government as well as to the Cop 30 presidency and the Colombia conference, WWF Brazil's energy transition lead Ricardo Fujii said. The group also plans to bring the roadmap to the meeting of Brazil's energy transition forum, which will be held this week. But phasing out fossil fuels could seem to run counter to Brazil's plans to keep increasing crude production. It produces around 4mn b/d of crude , making it one of the 10 largest producers globally, according to its hydrocarbon regulator ANP. Further, Brazil plans to expand crude output to 5.3mn b/d by 2030, according to energy research bureau Epe, hinging on new exploratory frontiers such as the southern Pelotas basin and the environmentally sensitive equatorial margin. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil to allow UCO imports for SAF production
Brazil to allow UCO imports for SAF production
Sao Paulo, 28 January (Argus) — Brazil will allow used cooking oil (UCO) imports exclusively for sustainable aviation fuel (SAF) production, a government representative said on Wednesday. Brazil currently prohibits UCO imports under rules that also prohibit most solid waste, unlike other countries that consider them feedstocks for biofuels or power production. The government plans to authorize an import quota — yet to be specified — to support SAF production for a limited period, Euler Lage, a project manager focused on renewables for the presidential chief of staff, said during a webinar. But some Brazilian suppliers import UCO flagged as various fats to avoid the restriction, according to market sources. UCO and tallow are the main feedstocks used in the hydrotreated esters and fatty acids production route for SAF. Brazil is expected to focus on biomass-sourced and alcohol-to-jet routes to produce SAF, mostly because its second-harvest crops have lower carbon intensity compared with that from giant agricultural competitors like the US, speakers said at the webinar. Content platform Sustainable Aviation Futures Latin America — which is focused on accelerating the aviation industry's decarbonization — and national civil aviation agency Anac hosted the webinar on 28 January. Sustainable Aviation Futures will host a SAF-focused event on 2-4 March, in Sao Paulo, to discuss further regulations and regional development opportunities in the sector. Brazil expects to finish its SAF regulation by June 2026. Domestic production may reach approximately 661mn l (11,460 b/d) in 2027, then rise to 1.7bn l in 2030 and to 2.8bn l in 2033, according to energy research firm EPE estimates. By João Curi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US naphtha displaces Russian flows to Venezuela
US naphtha displaces Russian flows to Venezuela
New York, 28 January (Argus) — Naphtha shipments to Venezuela loading in January have come entirely from US Gulf coast suppliers, reversing the previous Russia-dominated trade for the diluent needed to transport Venezuelan crude after US intervention. Ports in Houston, Beaumont and Corpus Christi, Texas, have shipped between 970,000-1.22mn bl of naphtha to Venezuela so far this month, according to Kpler and Vortexa data, compared to 560,000-1.21mn bl for the last three months of 2025, when Chevron was the only oil major with a US government waiver to trade with Venezuela. Vitol has joined commodity trader Trafigura in this naphtha trade, after the US physically removed Venezuelan president Nicolas Maduro from power and cracked down on sanctioned vessel shipments to and from the country, cutting the primarily Russian flow of the diluent to Venezuela. Since 2023 Venezuela has been the importer for the majority of Caribbean-bound naphtha, and was typically the second-largest buyer of US Gulf coast naphtha, before the US government removed sanctions waivers in May 2025. Buyers in the country primarily import naphtha on long range 1 (LR1) tankers, while the US Gulf coast spot market for refined product shipments is typically dominated by medium range (MR) tankers. Rising Venezuelan demand could spur additional LR1 demand from the US Gulf coast, which primarily trades as a backhaul for more liquid LR1 markets in deeper Pacific basin ports, especially for Mideast Gulf loadings. This could also affect the MR tanker market as other Caribbean naphtha buyers look to stock up ahead of further Venezuelan demand. Chevron sought an MR tanker for a US Gulf coast-Caribbean voyage on 27 January to load naphtha between 30 January and 1 February. A charterer later fixed at least one Caribbean-bound MR tanker at a $900,000 lumpsum on the same day, a 44pc jump in the voyage rate from the $625,000 lumpsum at the end of the trading day on 23 January. It is unclear if the second cargo was naphtha or another refined product. Naphtha spot participants unimpressed A swift rise in N+A naphtha prices on the US Gulf coast opened the arbitrage to the region, following the new supply agreement between the US and Venezuela. Differentials for heavy naphtha, the primary grade use as a Venezuelan diluent, shot up by more than 10¢/USG just before the first US naphtha shipment in early January. By mid-January, N+A naphtha differentials gave up all the gains. Selling interest for US Gulf coast naphtha diminished following the open arbitrage, potentially setting a precedent that sellers wanted to avoid in an already long market. A cargo of naphtha from Huelva, Spain, was booked for the US Gulf coast on 13 January with an estimated arrival of 3 February, shipping reports show. This supported the view that the naphtha arbitrage to the US Gulf coast was open. The Huelva cargo was reportedly suitable for blending to the Venezuelan diluent naphtha specification, but this was not confirmed. The Venezuelan diluent naphtha specification was roughly gauged as 70pc heavy naphtha and about 20-30pc lighter naphtha. Increased Venezuelan production in the longer run is not entirely bullish for US naphtha markets. Before Venezuelan production slowed during the regime of former president Hugo Chavez, Venezuela actively exported light naphtha from Jose and Las Salinas, primarily to the US Atlantic coast. Increased Venezuelan rates would also elevate naphtha production, which could diminish appetite for US naphtha imports and displace US naphtha market share globally. By Ross Griffith and Daphne Tan 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.
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.
