The ARGUS SAF fob Singapore
With more global carbon reduction mandates coming online and airlines looking to fulfill their environmental, social and corporate governance (ESG) requirements they will look to sustainable aviation fuel (SAF) to meet their needs. SAF is the primary solution for airlines to fly more sustainably, as electrification is not yet a solution.
SAF is fuel for airlines that is not derived from crude oil, but from sustainable fuels, including used cooking oil, ag residues, wood waste, etc. This can then be mixed with conventional jet fuel and dropped into an airline in the same way the petroleum-based jet fuel is.
Providing transparency to the Asian SAF market
The sustainable aviation fuel (SAF) prices for Asia are designed to meet the growing need for greater transparency in renewable fuel markets as countries in the region seek to reduce their greenhouse gas emissions. China, Japan and South Korea have set ambitious decarbonization targets in the past two months. And several private-sector companies have announced that they will achieve net zero carbon emissions by 2050. As these countries and companies move away from fossil fuels, SAF will become popular as an alternative to traditional conventional jet fuel. The Asia SAF price will be a fob Singapore netback to the European SAF price.
Advantages of ARGUS SAF fob Singapore
The daily Argus SAF fob Singapore assessment is a netback to SAF fob ARA which is based on actual market input, not a calculated price, and with a robust underlying HVO assessment from which SAF is accessed as a differential to. The Argus SAF assessment is more reflective of activity in the physical SAF market and based on SAF feedstocks.