Global energy and commodity price reporting agency Argus has extended its Argus Open Markets (AOM) real-time electronic price discovery platform to include sustainable aviation fuel (SAF) prices from the Amsterdam-Rotterdam-Antwerp European hub, tracking SAF markets in Europe.
The platform, which will offer ‘real-time price transparency daily between 16:00 and 16:30 GMT for the predominate commercially-available form of SAF (manufactured using the hydrotreated esters and fatty acids synthesised paraffinic kerosene, or HEFA pathway). Registered market participants will be able to post bids and offers, and to initiate trades for the fuel, with Argus acknowledging that ‘SAF trade at the key ARA hub is growing quickly as stricter emissions reduction targets around the world drive rising aviation demand for this fuel’. Since the launch of the SAF ARA platform, ‘lively activity’ was observed on the second day of trading, with five transactions subsequently initiated.
“The European ARA region is a significant source of growth of sustainable aviation fuel refining, trading and consumption,” highlighted Argus Media chairman and chief executive Adrian Binks, who added that the platform will enable “efficient and transparent price discovery”.
Used cooking oil, a key feedstock for HEFA-produced SAF, is also available on AOM in both the European and Asia-Pacific regions.
Argus launches SAF ARA on electronic price discovery platform
