Argus extends its Argus Open Markets to include UCO and UCOME in Asia-Pacific

In Singapore, Argus has extended its Argus Open Markets (AOM) real-time electronic price discovery platform to include used cooking oil (UCO) and used cooking oil methyl ester (UCOME) prices in Asia-Pacific.

The Asia-Pacific UCO and UCOME markets are growing quickly as stricter emissions reduction targets around the world drive rising demand for renewable feedstocks and fuels. UCO is one of the most sought-after feedstocks, not only for UCOME production but also for hydrotreated renewable products such as sustainable aviation fuels (SAF), hydrotreated vegetable oil (HVO), bionaphtha and biopropane. The Asia-Pacific region is a major supplier of UCO, with China the largest producer globally. This makes the region critically important in the European market’s efforts to comply with targets set under the EU’s Renewable Energy Directive (RED).

The AOM platform offers real-time price transparency daily between 5:00pm and 5:30pm Singapore time for Asia-Pacific UCO and UCOME markets, and enables registered market participants to post bids and offers, and to initiate trades for these products.