エキスパートへのお問い合わせ
これらの最新情報の配信はいつでも停止できます。お客様の個人情報は、当社のプライバシーポリシーに従い管理されます。
Generic Hero BannerGeneric Hero Banner
Latest market news

Singapore's Aster to buy aviation fuel JV Cafhi stake

  • : Biofuels, Electricity, Emissions
  • 26/08/28

Singapore energy and chemicals firm Aster will buy a stake in Changi Airport's fuel storage and infrastructure joint venture Changi Airport Fuel Hydrant Installation (Cafhi), it said today.

This will allow Aster to supply aviation fuel directly to international airlines at Singapore's Changi Airport. The transaction is subject to the requisite approvals and the fulfilment of customary closing conditions, Aster said.

Further details such as the timing of the acquisition will be shared when appropriate, Aster told Argus on 28 August. It also declined to comment on the percentage of shares due to commercial sensitivities.

Singapore's Sustainable Aviation Fuel Company (SAFCo) had required participants in its trial SAF tender to be a Cafhi member, or work with a member to supply volumes into the airport.

Other Cafhi members include shareholders ExxonMobil, Shell, BP, TotalEnergies, and Singapore Petroleum Company (SPC), as well as Singapore-based sustainable aviation fuel (SAF) producer Neste, which has a minority stake.

Aster previously partnered with fellow Singaporean firm Keppel in January to build one of Asia's first commercial-scale alcohol-to-jet (AtJ) SAF plants. The facility will be situated on Singapore's Jurong Island and have a planned capacity of 100,000 t/yr.

The project is currently in its front-end engineering design (Feed) phase, which is targeted to be completed in next year's first quarter, a source familiar with the matter told Argus.

Aster is also working with US-based climate technology firm Aether Fuels to develop a 2,000 t/yr next-generation SAF facility at its refining and petrochemical complex on Singapore's Pulau Bukom.

The plant, named as Project Beacon, is scheduled to begin construction in 2027 and commercial operations in 2028, a source familiar with the matter told Argus. The plant will use Aether's enhanced Fischer-Tropsch (FT) technology to convert industrial waste gas and biomethane into Carbon Offsetting and Reduction Scheme for International Aviation (Corsia)-certified SAF.

By Sarah Giam

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
26/08/28

Australia LRET approvals pipeline ‘limited’: Regulator

Australia LRET approvals pipeline ‘limited’: Regulator

Singapore, 28 August (Argus) — The capacity of renewable energy projects seeking to issue large-scale generation certificates (LGCs) in Australia has been limited this year, the country's Clean Energy Regulator (CER) said on 28 August. Approvals of commercial and industrial scale projects have also been below historical averages, with registrations impacted by lower LGC prices in recent years, CER said in its latest quarterly report for April-June. A total of 359MW of renewable energy capacity is under assessment for issuing LGCs as of end-June, CER said. This is lower than the 691MW under assessment as of 22 August 2025, and 1.2GW as of 31 December 2025, published in past CER reports. Approved capacity in January-June is at 1.5GW and is also 17pc lower on the year. Approvals for projects of 100kW-1MW capacity, typically commercial and industrial rooftop solar facilities, was at 28MW in January-June. The figure is about half that of the same period in 2025, and about a third of the same period in 2024. Utility-scale projects fared relatively stronger, with 1.4GW approved in January-June, roughly 17pc lower on the year. Future approvals pipeline could rise especially if large projects join the queue, CER said. It expects at least one large power station to apply in July-September. An upcoming rule change that will allow 100kW-1MW projects to register for issuing small-scale technology certificates (STCs) could boost this sector, CER said. An LGC and an STC both represent 1MWh of renewable energy. But STCs are usually converted to cash discounts upfront when renewable energy projects are installed, while LGCs are usually sold later when power is generated. LGC market sentiment and prices strengthened in April-June because of "increased expectations of future demand from data centres", CER said, mirroring what market participants told Argus in recent months. Argus assessed spot LGCs at A$6.75/MWh ($4.86/MWh) at the end of June, before peaking at A$9/MWh around mid-August. The assessment fell to A$7.25/MWh on 27 August. Recent policy proposals regarding data centres have centred around mandating new projects to come with new renewable generation investments , with unbundled energy certificates mostly for plugging shortfalls. The number of facilities registered for issuing renewable energy guarantees of origin (Regos) — the successor scheme to LGCs after 2030 — has risen to 12, with total capacity at 546MW. But all facilities to date were already previously accredited for LGCs and does not represent additional generation capacity, CER said. CER has also started tracking large-scale energy storage projects, which can issue Regos. A total of 4.2GWh of large storage capacity either reached final investment decision or started operating in April-June, bringing the total since 2021 to 51.4GWh, it said. Battery storage projects have also gotten larger, with the median size at 525MWh to date in 2026, up from 408MWh in 2025. About 39pc of projects have two-hour storage durations, and another 14pc have four-hour durations. By Liang Lei Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

UK sets out schemes eligible for CBAM price relief

26/08/27
News
26/08/27

UK sets out schemes eligible for CBAM price relief

London, 27 August (Argus) — The UK government today published a non-exhaustive list of schemes that will qualify as a carbon price already paid in the country of origin for goods imported under its upcoming carbon border adjustment mechanism (CBAM). The list currently includes the emissions trading systems (ETSs) of the EU, China, Japan, Kazakhstan, South Korea, Montenegro, New Zealand and Switzerland, as well as carbon taxes in Chile, Serbia, Singapore and South Africa, the Australian safeguard mechanism, Canada's federal output-based pricing system, India's carbon credit trading scheme, and Taiwan's carbon fee. The government will publish an update "in due course" as further schemes are assessed, it said, as it is "aware" that some regional schemes may already meet the criteria it set out last month , while other schemes in development could qualify in the future. To claim relief on their UK CBAM obligations, importers must first calculate the effective carbon price already paid by taking the total installation emissions and identifying how many were subject to the different elements of the qualifying pricing scheme — the headline price payable, any additional price beyond this, free allowances received, payments for greenhouse gas removals, and the thresholds above or below which emissions are charged. The emissions subject to each element are then multiplied by the price per tonne of CO2 equivalent for each element in the previous calendar quarter — using a mean average if the price is not fixed — and added together. The total figure is then divided by the original total installation emissions. Carbon price relief is then calculated by multiplying the effective carbon price by the embodied emissions covered by the scheme for the relevant goods. This amount is converted into pounds sterling and subtracted from the CBAM liability. UK CBAM will start on 1 January 2027, applying an effective carbon price to specified goods imported into the UK in the aluminium, cement, fertiliser, hydrogen, iron and steel sectors. By Kiara Campagne Nieva Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Biodiesel could boost Brazil as bunker supplier

26/08/27
News
26/08/27

Biodiesel could boost Brazil as bunker supplier

Sao Paulo, 27 August (Argus) — Brazil is well-positioned to become one of the leading suppliers of biodiesel to the global maritime sector, supported by competitive costs, ample availability of raw materials and idle production capacity. Brazilian biofuel still faces barriers to meeting part of the international demand driven by European regulations, but progress in discussions at the International Maritime Organization (IMO) concerning the decarbonization of maritime transport could expand the market for biodiesel made from soybean oil and other feedstocks produced in Brazil. Prices for Brazilian biodiesel — traded both on the spot market and via contracts for delivery at the Port of Paranaguá in the southern state of Paraná — averaged $1,065/m³ and $1,016/m³, respectively, over the last 12 months, based on Argus indicators. European biodiesel originating in the Netherlands, adjusted to the same basis of comparison, recorded an average price of $1,146/m³. Brazil's current biodiesel production capacity is 15.8mn m³/y (272,700 b/d), assuming continuous plant operations. Actual production, however, is approximately 10mn m³/y, indicating idle capacity of around 37pc, according to data from hydrocarbons regulator ANP. State-controlled Petrobras and Raizen have both received ANP approvals to market their own blend of very low-sulfur fuel oil (VLSFO) containing a minimum of 24pc biodiesel (B24). Currently, only Petrobras markets B24 at Brazilian ports. Brazilian biodiesel's ability to gain a foothold in the international bunker market depends on demand, which is constrained by regulatory factors. The main drivers of alternative fuel consumption in the bunker market are European regulations, which limit the eligibility of fuels derived from food or forage crops. The EU's RED III directive — which aims to increase renewable energy consumption in the transportation sector to 29pc of total consumption by 2030 — classifies soybeans as a feedstock with a high risk of indirect land-use change. The classification is based on higher emissions in the "well-to-wheel" cycle, which takes into consideration the total CO2 released into the atmosphere from production through the fuel combustion phase. For this reason, RED III prioritizes biodiesel made from waste feedstocks and advanced routes, such as product made from used cooking oil (UCO), agricultural waste, or industrial waste. The EU's specific regulation to reduce greenhouse gas emissions from the maritime sector, FuelEU Maritime, uses the sustainability criteria defined by RED III and also favors advanced fuels and feedstocks with a lower climate impact. In December, the IMO could approve a regulatory package that supports the decarbonization of maritime transport in international waters by 2050. The potential approval of the so-called Net-Zero Framework could open a new avenue for Brazilian biodiesel in the maritime market. The proposal aims to establish a standard for fuel emissions intensity and an economic mechanism linked to ship emissions, with progressive reduction targets through 2050. Depending on the criteria adopted for life-cycle assessment, traceability and indirect emissions, soybean oil biodiesel could come to be counted as a lower-carbon alternative. The change could put Brazil in a more competitive position as a supplier of lower-emission marine fuels. It could also help unlock demand for biodiesel from various feedstocks starting in 2028 — the potential effective date of the new IMO requirements — which could reshape consumption decisions in the maritime sector. In parallel with international regulatory advances, Brazil is moving toward regulating biobunker in national waters. In late July, the ANP launched a public consultation to revise the specifications for marine fuels, aligning Brazilian rules with the IMO's most recent decarbonization targets. The proposal recognizes biodiesel, hydrotreated vegetable oil (HVO) and synthetic fuels as drop-in alternatives, which can be used without modifications to engines or refueling infrastructure. Tests with drop-in fuels have already been conducted with special authorization from the ANP since 2025. Efen — a joint venture between Prumo Logistica and BP — conducted a debunkering operation using HVO at the port of Acu, in the southeastern state of Rio de Janeiro. Local renewable energy firm Be8 tested BeVant, the biofuel produced by the company, in Sao Francisco do Sul, in the southern state of Santa Catarina, and in water in Rio Grande do Sul, also in Brazil's southern region. This year, Denmark's Bunker One also conducted tests with ethanol at Santos port, in the southeastern state of Sao Paulo. By Natalia Dalle Cort and Gabriel Tassi Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

US firm eyes renewable import for Singapore data centre

26/08/27
News
26/08/27

US firm eyes renewable import for Singapore data centre

Singapore, 27 August (Argus) — US-based Digital Realty, a data centre operator that won a recent Singapore tender, is considering the use of imported renewable electricity for its upcoming premises. Digital Realty has "firm agreements in place" for low-carbon electricity from regional sources, to be delivered into Singapore via subsea cables, it told Argus . Digital Realty did not disclose the source of imported power, but said that renewable energy certificates issued on the power generated will be used in line with local standards to match residual use of gas power. Other clean energy sources will also be used to power its upcoming capacity expansion, including on-site solar. The operator is also exploring future use of low-carbon hydrogen, Digital Realty said. Singapore awarded four data centre operators 50MW of new data centre capacity each last week, through a competitive tender that included clean energy provisions. Proponents had to detail how they can power at least 50pc of their capacity through eligible green energy pathways, such as biomethane, low-carbon hydrogen, or integrated solar facilities. They also must commit to using energy- and water-efficient equipment. The three other tender winners were local firms ST Telemedia Global Data Centres and Keppel Data Centres, and US-based Equinix. Equinix is working with the I-Track Foundation, which manages the I-RECs scheme, on data assessments for cross-border renewable energy certificate trading frameworks, but it does not have specific cross-border import arrangements to announce currently, it told Argus . Equinix is investing in research and collaboration on low-carbon energy pathways in Singapore including clean hydrogen, geothermal, nuclear energy and fuel cells, it said. Its eventual energy mix will depend on regulation, market and technology factors, it added. Keppel expects to use a mix of eligible green energy pathways, it told Argus on 26 August. ST Telemedia also said that sourcing will depend on what is available and can be secured moving forward. Keppel and Digital Realty said their respective 50MW capacities are expected to be operational by 2029. Singapore last month released draft legislation for data centres, which laid out how the government intends to regulate the sector's carbon and electricity footprints. Singapore is aiming to import around 6GW of low-carbon electricity by 2035. Over a dozen import projects from countries such as Indonesia, Malaysia and Vietnam are in various stages of preparation. Argus last assessed current-year Singapore solar I-RECs on 20 August at $24.50/MWh. Similar certificates from Malaysia were assessed at $3.20/MWh, and $0.32/MWh from Vietnam. These I-RECs are currently not part of any operational cross-border electricity trading frameworks. By Liang Lei Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

News

Brazil to publish CGOB certification norm by Sep

26/08/26
News
26/08/26

Brazil to publish CGOB certification norm by Sep

Sao Paulo, 26 August (Argus) — Brazilian hydrocarbons regulator ANP is set to publish a resolution on the biomethane certificate of origin (CGOB) issuer certification procedure at the beginning of September, it said on 25 August. The procedure will come out as technical report number 4, according to ANP. After a biomethane producer or importer is certified to issue CGOBs , it will be able to issue the credit through the CGOB platform. The platform has yet to be published and has no timeframe to do so, ANP said. ANP also has yet to disclose the methodology for the individual CGOB target for obligated agents under the biomethane mandate. Brazil's biomethane market is waiting for the CGOB mandate to launch , with market participants pointing to the mandate's delay as one of the factors hindering liquidity in the sector. The overall CGOB target will be proportional to the remaining amount of months of 2026 after the first CGOB emission. With the delay, market participants expect the target to initially come out with a smaller volume of CGOBs to trade. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Argus Brazil Motor Fuels Forward Curves

Argus Brazil Motor Fuels Forward Curves

A daily forward curves service providing 24-month price visibility across Brazil’s biofuels, gasoline, diesel and feedstock markets to support hedging, procurement and strategic planning.

Argus Hydrogen Analytics

Argus Hydrogen Analytics

A quarterly analytics service delivering global clean hydrogen demand, supply and production cost forecasts to 2040, covering sectors and regions worldwide.

Argus Renewable Gas and Power

Electricity and gas energy attribute certificate prices, news, analysis and market data, bringing transparency to voluntary and compliance energy transition markets globally.

Argus Carbon

Real-time carbon price benchmarks, news and analysis across global compliance and voluntary carbon markets covering Europe, North America and Asia-Pacific.

Argus Crude Outlook

Monthly price forecasts for key crude grades and regional benchmarks up to 36 months out
Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more