Shien Ern Tan

Dec 6, 2024 | spglobal.com | Shien Ern Tan

The Asian sustainable aviation fuel's cost of production closed higher on the month in November, with the Platts-assessed used cooking oil-based SAF surging $184.41/mt, or 10.89%, on the month to close at $1,878.13/mt Nov. 29 and palm fatty acid distillate-based SAF rising $146/mt, or 8.17%, to $1,933.11/mt over the same period, S&P Global Commodity Insights data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Nov 18, 2024 | spglobal.com | Shien Ern Tan |Nicholson Lim

China is planning its first export quota for B24 biodiesel-blended marine bunker fuel for 2025, partly to support biofuel producers hit by EU antidumping tariffs earlier this year, according to market sources and local reports. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The B24 blend contains 24% biodiesel, such as used cooking oil methyl ester, and 76% low sulfur fuel oil, which is also currently under quota management.

Nov 6, 2024 | spglobal.com | Shien Ern Tan

The Asian sustainable aviation fuel's cost of production closed higher in October, with the Platts-assessed used cooking oil-based SAF rising $25.27/mt, or 1.51%, on the month to close at $1,693.72/mt Oct. 30 and palm fatty acid distillate-based SAF surging $71.55/mt, or 4.17%, to $1,787.11/mt over the same period, S&P Global Commodity Insights data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Aug 30, 2024 | spglobal.com | Shien Ern Tan |Rong Wei Neo |Charles Lee

South Korea will provide tax breaks and other incentives to local refiners to invest in sustainable aviation fuel to lower production costs, as the country aims to mandate the use of 1% SAF blend for all departing international flights from 2027, its government announced Aug. 30. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Dec 26, 2023 | spglobal.com | Shien Ern Tan

The Asian sugar market sail into 2024 with headwinds of supply chain disruptions and cautious import demand amid historically high price levels. NY#11 sugar futures contract prices scaled to 12-year highs in April and continued to peak around 28 cents/lb levels in November. Facing ever-changing weather conditions and varying trade dynamics driven by policy changes, sugar prices in 2024 look to be heavily swayed by these fundamentals. Not registered?