What is bionaphtha?
Bionaphtha is a by-product of HVO and SAF production. It can be used in the petrochemicals sector to produce renewable plastics or can be blended with gasoline. When producing HVO, the yield of bionaphtha can be up to 10pc (though often it’s lower) while this share grows when producing SAF. While availability is currently limited, production is set to grow in line with rising capacity for HVO and SAF.
The Argus Bionaphtha cfr NE Asia price assessment
The Argus Bionaphtha cfr NE Asia price assessment is the key price reference for naphtha produced from renewable feedstocks.
The bionaphtha market is in its infancy, but with growing interest for both petrochemicals and the road transportation sectors, the Argus bionaphtha price assessment provides the market with the ability to make the most optimal and economic decision on how to decrabonise their production. In addition to the daily pricing, Argus also publishes news and market developments of this market.
Advantages of the Argus Bionaphtha cfr NE Asia price assessments
Argus provides the industry’s first bionaphtha price assessment. The Argus bionaphtha cfr NE Asia price is based off of actual market activity – real physical trades, bids and offers of bionaphtha and not calculated values based on production cost.
Users of the Argus Bionaphtha cfr NE Asia price assessments
The Argus Bionaphtha cfr NE Asia price assessments will be of interest to the petrochemicals and road transport sectors. There is a growing demand from the market for recycled and renewables plastics, pushing petrochemicals producers to purchase renewable feedstocks for their crackers. The road transportation sector interest stems from replacing conventional naphtha in gasoline blending with this emissions-reducing bionaphtha.