The new prices, published daily in the Argus America Biofuels report, are based on waste products including used cooking oil, poultry fat, tallow, choice white grease and yellow grease. A full list of the new prices and locations can be found here.
These feedstocks are used to produce renewable diesel, which meets the specifications of petroleum-based diesel but with far fewer carbon emissions.
Regulations in many US states, such as California’s Low Carbon Fuel Standards, require the transportation sector to reduce greenhouse gas emissions. In response, the country’s leading refiners are expanding renewable diesel production capacity — Phillips 66 announced plans last month to convert its San Francisco refinery to 100pc renewables.
Argus Media chairman and chief executive Adrian Binks said: “As economies around the world look for alternatives to fossil fuels, Argus is pleased to play a key role in the adoption of renewables by bringing transparency to the emerging market.”
About Argus Media
Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.
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