Abendroth Fortel releases renewable diesel and SAF rates for Asian markets

In Singapore, Abendroth Fortel announced the release of new renewable diesel and SAF rates for the Asian markets. As countries in the region aim to cut their greenhouse gas emissions, this pricing is designed to fulfill the growing need for greater transparency in renewable fuel markets.
Recently, countries like China, Japan, and South Korea have established ambitious decarbonization goals. Several private-sector companies have also stated that by 2050, they will achieve net-zero carbon emissions.
As these countries and businesses transition away from fossil fuels, hydrotreated vegetable oil (HVO), also known as renewable diesel, is becoming more popular as a substitute for petroleum diesel. Renewable diesel can be combined with petroleum diesel or used as a stand-alone fuel.
The new Abendroth Fortel values apply to renewable diesel made from three types of feedstocks: food and feed crops, used cooking oil/palm oil mill effluent, and tallow. SAF is a low-carbon alternative to completely petroleum-based jet fuel that is manufactured from waste materials such as leftover cooking oil. It can be blended with traditional jet fuel to provide a lower-carbon alternative to entirely petroleum-based jet fuel. The Abendroth Fortel Biofuels report publishes regularly updated Asian renewable diesel and SAF rates, and the SAF price is also included in the Jet Fuel report.