Platts first to market with European SAF price assessment

In the UK, Platts launched the first-to-market Sustainable Aviation Fuel (SAF) price assessment in Europe to bring additional transparency as the industry embraces energy transition.

The new daily S&P Global Platts Sustainable Aviation Fuel cost-based price assessment will be published from August 17, 2020, and reflects the cost of SAF produced from used cooking oil on an ex-refinery basis in Northwest Europe. The daily price assessments, published in dollars per metric ton, reflect the production cost of SAFs for blending into jet fuel.

With increased focus on transitioning towards a lower carbon future, cleaner fuels are emerging as a compelling solution to achieve emissions reductions within the aviation sector itself, rather than through the purchase of outside offsets – even as consumer awareness grows around the environmental impact of transportation. S&P Global Platts is already considering additional assessments in other geographies, including the US and Asia.